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ISU Trustees approve Bowman pay raise

Fri, 27 Jul 2012 16:02:13 CDT
By: Charlie Schlenker

ISU trustees have approved a nearly 4.2% pay increase for President Al Bowman. That's $16,000 a year. Trustees Chair Michael McCuskey says Bowman is actually financially imprudent to keep working at ISU because more profitable choices are available.

   
"Retire, take your pension, receive a three percent automatic cola which would be over ten thousand dollars a year, free healthcare, and then go to a private university."

McCusky says Bowman's new $400,000 a year pay is average among public university presidents and Bowman is doing an above average job. Bowman will only get the hike if the rest of campus gets a merit based pay increase this year. University administrators say that decision awaits legislative action on state pension liabilities.

     

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