Geeze, don't the gerontology students know that times are tough and that money doesn't grow on trees?
Dr. Peter George knows this and it shows in his contract:
-$504,792 in salary and basic benefits each year
-$1.4-million special payout, plus a six-figure pension in annual instalments of $100,000, for 14 years, starting just after he retires in 2010.
-A $20,000-a-year "health care spending account" to reimburse health-related expenses not covered by regular university plans.
-Up to $30,000 over the five-year contract term to cover personal "financial estate planning."
-Membership fees and levies for the Hamilton Golf & Country Club and the Hamilton Club.
-A non-luxury car allowance, currently less than $11,000 a year.
-Business class air travel when a flight is more than four hours long.
Source:
http://www.ourtrent.com/news/archive...r_presid.shtml
Pretty sweet gig if you ask me. Yet I can't help but wonder what exactly it is that he does that is worth that much even
after he serves McMaster, which is his job.
This is where your money will go once you graduate and they call you up asking for donations.