Posted 3 months ago
By Robert Lovell
LINCOLN, Neb. (AP) — The president of the University of Nebraska could get a raise of more than $10,000 at next week’s Board of Regents meeting.
The Lincoln Journal Star reports (http://bit.ly/16r8c06 ) the regents will consider a 2.5 percent raise for President James B. Milliken at a meeting Sept. 20. The board also will decide whether to extent Milliken’s contract by three years. It now runs through July 2015.
The $10,519 raise would increase Milliken’s salary to $431,276 a year.
Milliken also has a compensation package that includes deferred compensation worth 11.5 percent of his salary, a retirement supplement, housing allowance and expense allowance. The university foundation also chips in money.
If the raise is approved, total annual compensation would be $538,873, though that doesn’t include a vehicle allowance or club membership.