Nov 27, 2012 4:16 PM
LEXINGTON, Ky. (AP) - University of Kentucky President Eli Capilouto says the university's new executive vice president for finance and administration is a vice chancellor from Louisiana State University.
The selection of Eric N. Monday was announced Tuesday. The Lexington Herald-Leader (http://bit.ly/VbG90L ) reported he will begin the new job in December or January.
UK spokesman Jay Blanton said Monday will be paid $350,000 annually. However, he will not receive an administrative perk that faculty and staff protested earlier this year. The school pays the equivalent of 15 percent of administrators' salaries directly into their retirement accounts, but Capilouto ended it for new employees after the protest.
For everyone else, UK matches an employee's 5 percent retirement contribution with a 10 percent allocation.