Sat September 14, 2013
Univ. of Nebraska leader could get $10,000 raise
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 the regents will consider a 2.5 percent raise for President James Milliken at a meeting September 20th. 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.
Copyright 2013 The Associated Press