Should U execs retire at the pay standard of other employees?

University of Minnesota disability services employee Scott Marshall writes in the Star Tribune how the U could avoid paying its top execs extravagant retirement payouts:

Short of stopping the practice of paying administrators anything at all when their job responsibilities are done, how about this: When a university administrator leaves her position, the university pays that person the wage of the lowest-paid union worker on campus?

That would give the person a year to “retool” (or leave) at a wage that university administrators seem to think is acceptable for 2,080 hours of work.

If it’s enough for an employee with real responsibilities to Goldy, then surely it’s enough for someone without formal responsibility who is spending their time retooling for whatever is next.

Read the full commentary here.