U. of Illinois gives president $90K bonus, pay raise - Boston News, Weather, Sports | FOX 25 | MyFoxBoston

U. of Illinois gives president $90K bonus, pay raise

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URBANA, Ill. (Associated Press) -

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.

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% to $462,375. Most university employees are getting 2.75% 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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