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updated: 9/12/2013 3:45 PM

U of I gives president bonus, raise

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  • Bob Easter

      Bob Easter

 
Associated Press

URBANA, Ill. -- The University of Illinois 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.

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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.

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