The Kentucky State University Board of Regents gave President Mary Sias an enthusiastic annual review and an additional $250,000 retention bonus at a meeting Friday.
Chairwoman Laura Douglas said the regents were in agreement that Sias worked hard for KSU in the last year and displays a “genuine love for students.”
“We are gratified and amazed in the level of work and your achievement,” Douglas said after the board spent about an hour behind closed doors conducting the review.
“Specifically, we are amazed and proud of the fact that you are involved and aware of every detail of what goes on here at the university.”
Douglas praised Sias for her ability to always answer questions at meetings and her involvement on campus.
“We are moving forward, we are moving forward and we have been moving forward for a number of years, and that gives us a real sense of pride and a real sense of this university continuing to go higher and higher in the achievement of its goals,” Douglas said.
The regents voted unanimously to award Sias a $250,000 retention bonus to be paid on Dec. 31, 2016, if she continues to work at KSU. The bonus will still be paid if she leaves her post because of illness or injury, Douglas said.
They also gave her an additional week of vacation.
Sias’ base salary, according to a contract extension signed in 2008, is $240,000. That contract expires in 2013.
After last year’s evaluation, Sias received a pay raise equal to that of all KSU employees – about 3 percent. The regents also created a deferred compensation retirement account for her and planned to contribute between $25,000 and $35,000 to it in last year.
Sias reported about the university’s accomplishments last year and her goals for the future before the closed session.