UM President Gets 2.75% Raise

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At its Sept. 15, 2011 meeting, the University of Michigan board of regents voted unanimously to give UM president Mary Sue Coleman a 2.75% raise, effective Aug. 1. Regent Martin Taylor, chair of the board’s personnel, compensation and governance committee, said the raise amounts to a “whopping” $15,678. He said the board would like to award a higher amount, but must factor in the state’s economy.

Coleman’s salary before the raise was $570,105. Regents had awarded a 3% raise a year ago. Her compensation package also includes $75,000 in deferred compensation, a $100,000 retention bonus, $24,500 in retirement pay, and an additional $30,850 supplemental retirement payment. Her current contract goes through July 31, 2014.

At Thursday’s meeting, Coleman said she planned to donate her raise to fund scholarships for international travel.

This brief was filed from the boardroom of the Fleming administration building, on UM’s Ann Arbor campus. A more detailed report will follow: [link]