'Public servants': Texas officials getting million-dollar bonuses
Teachers pension fund paid $54.6 million to only 227 workers
Jeremy Portnoy, Real Clear Wire
October 4, 2025
Topline: The Texas Teacher Retirement System has more debt than almost any other public pension fund in America, but the investors managing the fund are paying themselves annual bonuses that rank among the largest for any public employee in U.S. history.
The TRS paid $54.6 million in bonuses to 227 employees in 2024, even though they led the pension to two of its worst-performing years in recent memory in 2022 and 2023. There were 41 people who earned bonuses of $500,000 or more, according to data that Open the Books received through a public records request.
Key facts: Chief Investment Officer Jase Auby was the biggest earner at the TRS last year. He collected a $737,498 base salary and a $1.4 million bonus that brought his total compensation to almost $2.2 million.
Open the Books has obtained the salaries of nearly every public employee in America from 2024. There is no record of any non-university employee receiving a bonus as high as Auby's, although some states did not provide information on bonuses.
Twenty-one other TRS executives earned $1 million or more in total compensation in 2024, including another four whose bonuses were more than $1 million.
https://www.wnd.com/2025/10/public-servants-texas-officials-getting-million-dollar-bonuses/
