A. The Board compensation consultant will work with the Executive Director to (1) develop and make recommendations to the Board of Trustees for the Maryland State Retirement and Pension System (“Board”) to assist the Board in establishing a salary scale and determining the qualifications and compensation for the Chief Investment Officer (“CIO”) and all other positions within the Investment Division of the Agency based upon the objective criteria adopted by the Board; (2) review the existing organizational structure and classification system of the Investment Division and make recommendations for improvements to meet the objectives of the Board; (3) conduct a comprehensive compensation study, and recommend annual salary increases for investment staff who are not otherwise eligible for annual increases from the State of Maryland. B. The Agency also desires to obtain a single qualified executive search firm to locate, interview, and assist in presenting candidates to serve in senior executive roles of the Agency, including but not limited to senior roles in the Investment Division of the Agency, such as the Chief Investment Officer (CIO), Deputy Chief Investment Officer (DCIO), Managing Directors, Senior Governance Officer, and other senior staff. The firm may also be asked to conduct a search for a Director of Diversity, Equity, and Inclusion for the Agency.
