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Outgoing University of Illinois Chancellor Set For Major Pay Raise

A day after a top administrator resigns from a job at the University of Illinois her pay day to quit becomes public.

The U of I says that out-going Phyllis Wise will get $400,000 as part of her resignation. Wise was already making more than $500,000 a year according to a university salary database.

The payment was part of her contract that included a retention bonus of $100,000 a year for each year she was at the university.

Her final day will be August 12.

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