The Board of Regents this week approved salary increases for all three of its public university heads, with Iowa State University President Steven Leath landing the biggest raise at 7.123 percent.
University of Iowa President Sally Mason received a 2.5 percent salary increase – bringing her base pay from $513,003 to $525,828. Regents also voted to continue a deferred compensation plan for Mason, who’s been working without a contract on an at-will basis since Aug. 1, 2012.
Mason’s compensation package gives her $150,000 a year through 2016.
Regents authorized a new five-year deferred compensation plan for Leath beginning July 1 and ending June 30, 2019. According to the new plan, Leath will receive $25,000 for the period between July 1 and Dec. 31, $100,000 for the 2015 calendar year, and $125,000 annually from January 2016 through June 2019.
He also received a five-year employment contract set to begin July 1 and end June 30, 2019, according to regent officials. Leath’s about 7-percent raise will bring his base salary from $466,752 to $500,000. He also was granted tenure as a professor in the Department of Plant Pathology and Microbiology, subject to faculty approval.
University of Northern Iowa President William Ruud, who is just finishing his first year at the institution, received a 2.5 percent salary increase – boosting his base pay from $340,000 to $348,400. He also will continue on his deferred compensation plan, which gives him $50,000 a year through May 31, 2016.
Joseph Brennan, vice president for UI strategic communication, said Mason is satisfied with her employment arrangements and her compensation package.
“She appreciates that the regents are supporting her and working with her on her priorities to advance the university,” Brennan said.
The Board of Regents also awarded their executive director Robert Donley a performance incentive of $5,000 following this 2014 evaluation and put in place another $5,000 incentive for 2015. Donley received a two-year deferred compensation plan beginning July 1 and ending Aug. 31, 2016 for $25,000 in year one and $100,000 in year two.
Patrick Clancy, superintendent of the Iowa School for the Deaf and Iowa Educational Services for the Blind and Visually Impaired, is officially retiring at the end of this month. Regents have chosen his replacement – Steve Gettel, former head of the Montana School for the Deaf and Blind.
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