IndianaLocalNews

Former Ivy Tech college president receives $1M retirement payout

(Photo supplied/Ivy Tech Community College)

SOUTH BEND, Ind. (AP) — The former president of an Indiana community college has received a more than $1 million retirement payout despite the university’s struggle with budget cuts.

The South Bend Tribune reports that Tom Snyder retired as president of Ivy Tech Community College in June 2016.

College officials say the payout includes salary for 2016-2018, deferred compensation, vacation and sick pay payout, and taxable vehicle and personal use funds.

Snyder’s retirement came at a time when the community college system’s enrollment had dropped by 25 percent over three years. The university laid off employees and left positions unfilled in response to the loss of revenue.

The payout wasn’t revealed at the time of Snyder’s retirement. The newspaper requested the details of the payment through a public records request.

Related posts

Elkhart County’s Quilt Gardens earns recognition from American Bus Association

Alyssa Foster

Final jobs report before presidential election falls short of expectations

Network Indiana

Local News podcast for Monday, Nov. 4, 2024

Jon Zimney

Leave a Comment