UMass Medical School Chancellor Receives $60K Pay Raise

Despite facing a $54 million budget shortfall for the next fiscal year, the University of Massachusetts raised the salary of UMass Medical School Chancellor Michael F. Collins, MD, by more than $60,000 a year, according to a Telegram and Gazette report.

The raise represents an almost 12 percent pay hike for Dr. Collins. The three-year contract raises the chancellor's annual base salary and deferred compensation from $524,300 to $585,290.

Under the new contract, Dr. Collins will forgo his separate $32,000-a-year housing allowance. Instead, he is required to live rent-free in a furnished house provided by the university. The five-bedroom, four-bathroom home has an assessed value of $736,000, according to the report.

According to the report, Dr. Collins had not previously received a raise since he was elected chancellor in Sept. 2008.

Read the Telegram and Gazette report on Michael F. Collins.

Read more on compensation:

-17 Statistics on Hospitalist Workload, Pay and Benefits

-3 Smart Ways to Disclose Executive Compensation at a Non-Profit Hospital

-New York Hospital CEO Salaries Remain Untouched Despite Budget Cuts

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.


Featured Whitepapers

Featured Webinars