UConn Renews Herbst Contract With Pay Raises

Dec 30, 2014

Credit wikipedia.org

Trustees of the University of Connecticut have renewed President Susan Herbst's contract to June 2019, increasing her annual pay to $585,000 from $525,000. Annual raises and performance awards could bring her pay to more than $900,000 in four years.

The agreement approved by the board on Monday raises Herbst's pay by 5 percent a year, bringing it to about $711,000 annually by 2019. She also will receive $195,000 in bonuses unless the board determines she has failed to meet goals and objectives. Her total pay would be more than $906,071 by 2019.

The UConn Foundation is increasing private money, to $300,000, to help fund Herbst's pay, up from $145,000.

The university said Herbst's pay is in line with many other large public universities and below what the presidents of many private institutions earn.

Copyright 2014 The Associated Press. All rights reserved.