he University of Tennessee Board of Trustees approved retention payouts and compensation increases for UT leaders including the campus chancellors and UT President Joe DiPietro, reports the News Sentinel.
DiPietro will receive up to $696,802 in compensation this year as well as $186,301 in retention payouts for his performance the past three years.
He will get an annual 5 percent increase on his base salary for each of the four years of his compensation agreement. His base pay was boosted from $465,618 to 488,899, retroactive to July 1.
Chancellor Jimmy Cheek and UT Institute of Agriculture Chancellor Larry Arrington received 3 percent base pay increases to $447,492 and $302,916, respectively. Their retention payouts for performance from July 2012 to June 2015 are $158,098 for Cheek and $92,661 for Arrington.
At the Friday meeting, the board also approved retention payments for other UT officers, moved to a new annual performance review retention program and approved a revised student code of conduct.
The revised code of conduct, which aims to be more educational, prompted a lengthy discussion in the academic affairs and student success committee, but trustees said they were reassured by the amount of feedback and revisions, especially from students. The code will go to the state for final approval.
“Our hope would be to implement it next fall,” said Vince Carilli, vice chancellor for student life.
Before the full board meeting, protesters opposed to Gov. Bill Haslam’s possible plan to outsource maintenance and management of state-owned building gathered outside. Many held signs that read “DiPietro opt out.”