President Johnson will receive a $263,500 bonus and pay raise
The Ohio State Board of Trustees is set to award university president Kristina M. Johnson a performance bonus of $263,500 and a salary increase of $27,000.
The board’s talent, compensation and governance committee approved the bonus and salary increase that will be voted on by the full board on Thursday. The action follows Johnson’s annual performance review and achievement of goals set before his freshman year at college.
Johnson currently earns a base salary of $900,000, according to the Ohio State Salary and Earnings Database. The $27,000 increase is equivalent to 3% of his base salary, in accordance with the salary increase framework established by Ohio State’s annual merit pay process for faculty and staff.
The $263,500 bonus is equal to 35% of Johnson’s annual salary, prorated based on her start date as president.
In addition to his base salary, Johnson also receives $200,000 per year for his college retirement account, $50,000 per year to support his research and education, and an annual stipend of $85,000 to be used for “fragile” expenses. including an automobile and financial or tax planning services, depending on his employment contract.
After reviewing his performance for fiscal year 2021, the Talent, Compensation and Governance Committee found that Johnson had demonstrated “excellent progress and achievement,” according to the Presidential Review and Compensation Resolution .
In a letter to Johnson, the board praised his positive impact on the state of Ohio through five priorities set for his first year in office, including the state’s COVID-19 response. Ohio, gaining executive leadership, implementing the State of Ohio’s “Time and Change” plan, presidential pledge, and working for racial and social justice.
“We applaud your leadership in establishing a strategic vision for the university that has enabled you to successfully address a variety of unprecedented challenges in our community,” the letter reads.
The performance bonus and salary increase are subject to full board approval on Thursday.