U Of I President Gets Pay Raise

Sep 12, 2013

President Robert Easter
Credit University of Illinois

The University of Illinois is giving President Bob Easter a $90,000 bonus and a pay raise.  
University trustees approved the bonus and raise for Easter at their regular board meeting Thursday in Urbana.  
The bonus is part of a new incentive-based compensation plan for Easter. The bonus was based on the three-campus university system reaching set goals for cost reduction, enrollment and other factors under Easter.  
Easter's base pay will increase 2.75 percent to $462,375. Most university employees are getting 2.75 percent raises.  
Trustees Chairman Christopher Kennedy said the board is pleased with Easter.    Easter became president in 2012. His predecessor, Michael Hogan, was paid $651,000 a year.

Trustees at the University of Illinois have approved a $5.6 billion fiscal year 2014 budget for the system's campuses.  
Trustees approved the budget at their meeting Thursday in Urbana. The budget is a 1.2 percent increase over the previous fiscal year. Authorities say it's the smallest increase in more than two decades.  
University President Robert Easter says the schools are ``weathering our financial challenges.''  
 Officials say the direct state appropriation for the University of Illinois increased slightly by $1.2 million for fiscal year 2014 to about $669 million. However they point out that the figure is down from a peak $804 million in fiscal year 2002.  
The system includes campuses in Urbana-Champaign, Springfield and Chicago.

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