Dame Glynis Breakwell (pictured) – the highest paid university boss in the country – also earns a £50,000 salary running a pension scheme
The highest paid university boss in the country also earns a £50,000 salary running a pension scheme, it emerged yesterday.
Dame Glynis Breakwell was paid the extra money last year to manage pensions for academics – on top of the £468,000 she receives as vice-chancellor of the University of Bath.
It was unclear yesterday how many hours she works for her role as chairman of the Universities Superannuation Scheme (USS) policy committee – or why the job is so well paid.
The figures, published by Times Higher Education, come at a time when the USS is struggling to plug a £7.5billion deficit.
Universities UK, which represents vice chancellors, is pushing for changes to the USS which could reduce payments to members by up to 39 per cent.
Dame Glynis has already announced her retirement from the university following a national outcry over her enormous salary – more than three times the amount earned by the Prime Minister.
After her retirement, she will get a six-month ‘sabbatical’ on full pay – a perk described by critics as a ‘golden goodbye’.
She lives in a £1.6million grace-and-favour house and claimed £20,000 in expenses in one year.
Sir David Eastwood, vice-chancellor of the University of Birmingham, was paid £90,000 last year as USS chairman.
Dame Glynis has already announced her retirement from the university following a national outcry over her enormous salary – more than three times the amount earned by the Prime Minister
His pay package from Birmingham last year was £439,000, up from £426,000 in the previous 12 months.
The third university leader on the USS board is Sir Anton Muscatelli, principal of the University of Glasgow, who was paid £35,000.
After her retirement, she will get a six-month ‘sabbatical’ on full pay – a perk described by critics as a ‘golden goodbye’
However a Glasgow spokesman said he ‘gifts this entire amount every year’ to the university, and ‘always has done’, adding: ‘He thinks it is the right thing to do.’
Sir David and Dame Glynis declined to say whether they did the same.
But Roger Brown, former vice-chancellor of Southampton Solent University, said they were only on the board because they were vice-chancellors, so any earnings should therefore ‘be paid to their employer’.
He added: ‘Being a vice-chancellor of a university is not a small thing and vice-chancellors are not paid a small salary.
‘Everything you do during your time at a university should be to the credit of the university.’
The USS’ annual company report says that the remuneration of its 12 directors totalled £731,000 in the year ending March 2017, up from £591,000 the year before.
A spokesman said: ‘Board members are responsible for the stewardship of a significant financial institution…which requires a substantial commitment of time and effort to demanding roles.’