Penn State board approves pay hike for university president

• The Associated Press
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  The Associated Press (AP) is a U.S.-based not-for-profit news agency headquartered in New York City.

(State College) — The president of Penn State is getting a 2.5% salary increase and trustees are making it retroactive to the beginning of July.

The Board of Trustees on Friday voted unanimously to boost Eric Barron’s base pay to $855,000 a year.

He’s been Penn State’s top administrator since 2014.

The Centre Daily Times says that together with an annual retention bonus of $200,000, Barron will be paid more than $1 million.

The board is also approving salary increases for the provost, Nicholas Jones, and a senior vice president, David Gray.