The Indiana Daily Student reports:
IU President Michael McRobbie will earn $533,120 for the 2011 to 2012 school year, according to the University’s annual salary report. The new amount is a 12 percent increase over the $476,000 that McRobbie earned last year.
IU faculty and staff will also see a pay raise this upcoming year, albeit one of only 1.5 to 3 percent. The IU Board of Trustees approved the raise, which is to be merit-based, in June.
Earlier today, we wrote about a pay increase for Ball State president Jo Ann Gora after her university cut more than $11.8 million from its budget. IU also faces tighter budget constraints, although changes to the state’s higher ed funding formula didn’t hit IU as hard as Ball State. IU tuition and fees increases 4.5 percent for the upcoming school year.
As Mike Leonard reports in the Herald-Times, the increases are part of McRobbie’s contract:
University trustees approved a pay increase for McRobbie to kick in late last year, moving his salary to $476,000, according to university spokesman Mark Land. The increase was made retroactive to the start of the 2010-11 academic year.
Land said that when the president’s contract was extended in December 2009, the terms also called for a 12 percent increase for the 2011-12 school year.