BOSTON – The 10 highest paid employees in the University of Massachusetts system are on track to receive an average of $452,345 in base pay this year, according to the Boston Business Journal’s DataCenter.
Massachusetts is slated to pay 2,815 education department and higher-education employees across the Bay State at least $100,000 this year, with 164 employees to collect more than $200,000.
UMass spokesman Robert Connolly told the news source that the payroll data does not include year-end bonuses, which can boost total compensation by as much as 50 percent.
UMass Medical School Chancelor Michael Collins will receive the largest base salary in the state, at $566,233 according to the Business Journal’s data.
Connolly told the news source that, including year-end bonuses, Collins will likely collect upwards of $761,314 – his 2011 compensation.
There is no data regarding UMass Dartmouth Chancellor Divina Grossman, who took up the position in April, but former Chancellor Jean F. MacCormack took home $292,100 in 2011.
Estate and Corporate Income Taxes are changing next year, and business owners and executives should know the details. The PBN Summit on November 6th will provide those details and more - including how much Obamacare's Employer Mandate could cost.
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