Department chiefs at the Texas Windstorm Insurance Association have been told to budget for an average of 3 percent pay increases at the troubled agency, which was taken over by the state in February when it was deemed unfit to carry on with business.
General Manager John Polak told supervisors in an Aug. 18 memo, “An average salary increase of 3% should be included in your salary calculations effective January 1, 2012.”
That average increase amounts to about $336,000 total based on TWIA's payroll of $11.2 million for 2010, the latest year available.
The agency last year paid out five-figure bonuses to a number of people, including Reggie Warren, who was fired two weeks after he was awarded the money. At the top of the bonus list was then-General Manager Jim Oliver, who took home $88,000 on top of his base pay of $330,000.
Polak did not return calls.
That average increase amounts to about $336,000 total based on TWIA's payroll of $11.2 million for 2010, the latest year available.
The agency last year paid out five-figure bonuses to a number of people, including Reggie Warren, who was fired two weeks after he was awarded the money. At the top of the bonus list was then-General Manager Jim Oliver, who took home $88,000 on top of his base pay of $330,000.
Polak did not return calls.
***
Contact Steve Miller at 832-303-9420 or stevemiller@texaswatchdog.org.
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Photo of time card by flickr user TheGoogly, used via a Creative Commons license.
Contact Steve Miller at 832-303-9420 or stevemiller@texaswatchdog.org.
Keep up with all the latest news from Texas Watchdog. Fan our page on Facebook, follow us on Twitter and Scribd, and fan us on YouTube. Join our network on de.licio.us, and put our RSS feeds in your newsreader. We're also on MySpace, Digg, FriendFeed, and tumblr.
Photo of time card by flickr user TheGoogly, used via a Creative Commons license.
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