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New SSHE Chancellor to Get $622,000 Pension Payout



The newly selected chancellor of Pennsylvania's state university system will get a pension payout of $622,000 when he leaves his similar post in Florida.
 
A spokesman for Florida's Department of Management Services said Thursday that Frank Brogan has accrued that much in a "deferred retirement option program" that's designed as an enticement to retain state employees with more than 30 years' service. The $622,000 lump-sum payment is in addition to Brogan's $16,000-a-month regular pension.
 
As chancellor of Pennsylvania's 14-university State System of Higher Education, Brogan will be the highest-paid employee in state government. The former Florida lieutenant governor, who starts October 1st, will earn $327,500 a year.
 
Perks available to Brogan as Pennsylvania's chancellor include the use of a house in Harrisburg, a leased vehicle and comprehensive health coverage.


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Topics : LaborSocial Issues
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Locations : FloridaHarrisburgPennsylvania
People : Frank Brogan
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