The UW System Board of Regents approved a 23% increase in the salary range for the University of Wisconsin System president in a unanimous vote with no discussion at the board’s Friday meeting.
System spokesman Mark Pitsch said President Ray Cross has declined pay raises since being hired in 2014 and he will continue to do so.
The current minimum salary for someone serving in the position is $399,000 and the maximum is $598,500. Starting July 1, the minimum salary will be $489,334 and the maximum $734,000.
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UW System President Ray Cross earned $525,000 in the most recent fiscal year. He was the ninth highest-paid employee in the System, behind eight individuals in the UW-Madison athletics department and a UW-Madison economics professor, according to System records.
The board considered increasing the salary range for the president position by 7% at its December meeting but said more data were needed and the vote was postponed.
Regents approved 3% annual raises over each of the next two years for all UW System employees, though the pay plan still requires approval from the Legislature’s Joint Committee on Employment Relations.
UW System officials established the new salary ranges by comparisons to peer institutions, including the University of California, State University of New York, University of North Carolina System and University of Texas System, among others.