Watch: Ronald Russell Says GERS Could Use Funds From $158 Million Securitization to Pay Administrator $250k Salary

  • Staff Consortium
  • October 06, 2022
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GERS Board member Ronald Russell. By. FACEBOOK

GERS Board of Trustees member Ronald Russell was the trustee who motioned to raise the salary of GERS Administrator Austin Nibbs from $180,000 to $250,000 along with housing and travel expenses. All board members except Chairman Nellon Bowry voted in favor of the raise during a Sept. 22 board meeting (one member was absent). In wake of the raise, Mr. Bowry resigned on Tuesday, calling the raise indefensible. Watch.

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