Ex-Chicago State President To Get Half Of Severance In September

Budget Cuts Place Financial Burden On Public Universities
Officials at Chicago State University say they are preparing for possible layoffs as the university's funds dwindle. (Charles Rex/AP)
Budget Cuts Place Financial Burden On Public Universities
Officials at Chicago State University say they are preparing for possible layoffs as the university's funds dwindle. (Charles Rex/AP)

Ex-Chicago State President To Get Half Of Severance In September

CHICAGO (AP) — The former president of Chicago State University will receive half of his $600,000 severance package by Oct. 1.

The Chicago Tribune reports that under Thomas Calhoun Jr.’s deal he will receive the other payout in January. The school’s trustees approved a separation agreement with Calhoun Friday. The newspaper obtained the agreement through an open records request.

It’s unclear why Calhoun resigned. The agreement includes a provision that neither Calhoun nor trustees discuss circumstances of his departure.

The agreement says Calhoun must move out of the president’s house by Oct. 1 and provides him with up to $5,000 in moving expenses. He also is to be paid for unused vacation time. Calhoun had the job for nine months. His contract was to run through 2020.