No, No, It is called “an incentive retention payment,” not a bonus - there is a big difference! - Wait, What?

No, No, It is called “an incentive retention payment,” not a bonus - there is a big difference! - Wait, What?:

No, No, It is called “an incentive retention payment,” not a bonus – there is a big difference!

by jonpelto

Well, it now looks like we can The University of Connecticut to the list of public entities handing out bonuses this year, or in UConn’s case, at least one bonus…to their President, Susan Herbst.

Of course, we need to recognize that in “UConn Speak,” the appropriate term is not a bonus, but an “incentive retention” payment.

In addition to her $500,000 annual salary, $19,230.77 for each of the 26 pay periods, UConn President Susan Herbst’s contract provide for an $38,000 in funds that she can invest toward her retirement.  These checks come in installments of $9,500, four times a year.

In addition to the car and driver UConn’s President is provided, her contract also requires