The University of Illinois board of trustees voted Wednesday to give Richard Ringeisen, the retiring chancellor of the Springfield campus, a one-year paid administrative leave after he steps down Oct. 31.
The arrangement, in which Ringeisen will be paid $273,500 but not have any job responsibilities, is a change to what was proposed last week. Under the former deal, Ringeisen would have kept his salary for 14 months while serving as a consultant to the president.
Ringeisen, 65, asked for the change, said spokesman Tom Hardy.
The agreement was featured in a March 10, 2010, Chicago Tribune Breaking News article.
Download a PDF of the article:
20100310-Trib-u-of-i-trustees-vote.pdf
The arrangement, in which Ringeisen will be paid $273,500 but not have any job responsibilities, is a change to what was proposed last week. Under the former deal, Ringeisen would have kept his salary for 14 months while serving as a consultant to the president.
Ringeisen, 65, asked for the change, said spokesman Tom Hardy.
The agreement was featured in a March 10, 2010, Chicago Tribune Breaking News article.
Download a PDF of the article:
