The retiring chancellor of University of Illinois' campus in Springfield will retain his $273,500 salary for 14 months after he leaves the post this fall, according to a retirement agreement released Wednesday.
Richard Ringeisen, 65, the UIS chancellor since 2001, is expected to step down Oct. 31. He would then serve as special assistant to the president and consultant for long-range planning through Dec. 31, 2011, before retiring from the university.
During nearly a decade as chancellor, Ringeisen is credited with significantly boosting the Springfield campus' profile and transforming it into a more traditional university.Ringeisen was featured in a March 3, 2010, Chicago Tribune report.
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