$100K Salaries For University Administrators

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Springfield – The Illinois Policy Institute has released a new report showing excessive levels of administrative overhead and steep pension costs has led to a doubling in tuition rates in the past decade, putting college out of reach for many low and middle income students.

“The number of administrators has exploded and there’s a cost to that,” Kristina Rasmussen of the Illinois Policy Institute told WAND’s Doug Wolfe.  “Where is that money going if students are still struggling to afford tuition?  It’s going to administrative salaries as well as increasing pension costs.

Among the findings:

  • More than half of Illinois’ 2,465 university administrators received a base salary of $100,000 or more in 2015.
  • More than half of state university retirees will retire in their 50’s and will see their annual pension benefits double over the course of their retirement.
  • The average career university administrator will earn more than $3 million in lifetime retirement benefits.

Last July the WAND News I-Team reported on rising administrative costs at Illinois colleges and universities. 

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