Maryland Universities Drop Presidents' Bonuses Amid Criticism - NBC4 Washington

Maryland Universities Drop Presidents' Bonuses Amid Criticism

The chancellor received a $75,000 bonus and $30,000 raise after a closed meeting

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    Maryland's public university system will no longer award bonuses to top administrators following criticism amid rising tuition for students. 

    The University System of Maryland's Board of Regents decided to change the way the system handles bonus decisions for high-ranking school officials, a system spokesman said Monday. 

    Mike Lurie said the board voted unanimously Friday to no longer give bonuses to the system's chancellors or campus presidents. Also, future compensation agreements will be publicly announced after closed meetings.

    Existing compensation packages that include bonuses will be reviewed and renegotiated, Lurie said.

    The changes come after criticism of a $75,000 bonus and $30,000 raise that were added to Chancellor Robert Caret's $600,000 base salary during a closed meeting of the Board of Regents in June.

    Board Chairman James Brady said the board wants to maintain a positive relationship with lawmakers.

    The University System of Maryland includes University of Maryland, Bowie State University and Towson University.

    The University System of Maryland approved a tuition hike in April. The board voted to increase undergraduate tuition by 2 percent for in-state students and 3 percent for out-of-state students, as News4 reported.

    Resident tuition for a full-time student at University of Maryland cost $5,090 per semester including fees for the fall 2016 term.