STORRS, Conn. (AP) – 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 $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. This material may not be published, broadcast, rewritten or redistributed.)


Leave a Reply

Please log in using one of these methods to post your comment:

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s