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

  • Staff Consortium
  • October 06, 2022

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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