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CEDAR FALLS, Iowa --- University of Northern Iowa President Benjamin Allen said he will accept this year's 4 percent salary increase, but that all of the money will be returned to the university.
"I'm not sure where yet because I haven't talked to my wife," he said.
The Allens are in the process of establishing an endowment fund that will provide scholarships for women in math and science fields. He said the money may go there or to one of the other programs they support, like the debate team.
The Board of Regents unanimously approved a 4 percent base salary increase for the three university presidents. Allen's increase amounted to $12,800, bringing his base salary to $332,800.
University of Iowa President Sally Mason's base salary increased to $483,600. The bump brings Iowa State President Gregory Geoffroy's base salary to $440,249.
Mason and Allen also saw increases to their deferred compensation packages. Geoffroy, who will leave ISU no later than July 31, 2012, will not be eligible for any deferred compensation.
This was the first increase in three years for Allen, who declined last year's 3.3 percent increase because of a series of cuts to the school's state appropriations. Geoffroy also declined that increase.
Mason accepted the raise, but it was her first since joining the university in 2007. None of the presidents received salary increases in 2009.
Regents Executive Director Bob Donley also received a 4 percent increase, bringing his base salary to $153,816.
Iowa School for the Deaf Superintendent Jeanne Prickett's salary remains $135,674. Patrick Clancy, the superintendent at the Iowa Braille and Sight Saving School also received a 4 percent increase, making his base salary $138,580.