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Education

Former LG Ellspermann To Make $300,000 Base Salary As Ivy Tech President

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State of Indiana
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http://www.in.gov/lg/

Ivy Tech’s Board of Trustees has approved the contract for its new president -- former Indiana Lieutenant Governor Sue Ellspermann.

The contract between Ellspermann and Ivy Tech is for three years. During that first year, Ellspermann will receive an annual base salary of $300,000.

She could be paid more but not less during the next two years. She is also eligible for an annual performance based bonus that can't not exceed $100,000, in addition to other perks and reimbursements.

Ivy Tech trustee chairwoman Paula Hughes says, the 9-page contract was mostly molded on the policies for all college employees.

"The two goals of the contract are:  to simplify it -- make it simple and straightforward -- and to align it as closely as possible with current college policies," Hughes says.

Ellspermann's first day as president is July 1.

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