U Of I Trustees to Vote on Eliminating President's Retention Bonus

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URBANA - The University of Illinois will vote on eliminating President Timothy Killeen's $225,000 retention bonus. The bonus would have been paid  to him after five years on the job.

The payment schedule will begin with $30,000 At the end of his first year and increase to $7000 annually. The move comes following cuts to the university, because of the state budget crisis.

There are also questions from lawmakers about large compensations at public Universities. The U of I will vote on getting rid of the bonus at its meeting next month.

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