Thursday, March 11, 2010

UIS' Ringeisen to get original retirement deal

After a week of controversy that he said had “just gotten crazy,” University of Illinois Springfield chancellor Richard Ringeisen will take his original retirement deal.

Ringeisen’s resignation from UIS will take effect Oct. 31. He will receive a year’s administrative leave at his current salary of $273,500, instead of taking a consultant job that would have lasted 14 months and would have added about $45,500 to his post-resignation income.

The agreement, approved Wednesday by the University of Illinois board, is the arrangement described in then-President James Stukel’s January 2001 letter offering the UIS position to Ringeisen.

The decision was featured in a March 11, 2010, article in the State Journal-Register.

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