SF0038

Amends the calculation of investment performance for performance compensation of investment staff by changing from arithmetic average to geometric average beginning in fiscal year 2026.

• Maintains the arithmetic average calculation of annual investment performance over three fiscal years (current year plus two preceding years) for performance compensation payments earned in fiscal years 2022 through 2025 for the state treasurer's office. (W.S. 9-1-409(e)(vi)(C))
• Establishes a new geometric average calculation of annual investment performance over three fiscal years (current year plus two preceding years) for performance compensation payments earned in fiscal year 2026 and thereafter for the state treasurer's office. (W.S. 9-1-409(e)(vi)(D), Sec. 1)
• Maintains the arithmetic average calculation of annual investment performance over three fiscal years (current year plus two preceding years) for performance compensation payments earned in fiscal years 2022 through 2025 for the Wyoming retirement system. (W.S. 9-3-406(a)(vi)(C))
• Establishes a new geometric average calculation of annual investment performance over three fiscal years (current year plus two preceding years) for performance compensation payments earned in fiscal year 2026 and thereafter for the Wyoming retirement system. (W.S. 9-3-406(a)(vi)(D), Sec. 1)

Effective: July 1, 2025

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