Ramsey addresses deferred payment coverage

By Olivia Krauth–

President James Ramsey defended himself against negative press coverage of U of L’s deferred compensation plan in a early U of L Board of Trustees meeting today.

Saying he felt his “integrity” was being attacked, Ramsey explained how he, among other U of L employees, receive deferred payment outside of his $650 thousand yearly base salary. To a crowded conference room, he explained how these payments act as means of retention for “key employees.”

U of L’s Board of Trustees sets goals for Ramsey and then evaluates his progress. If met, the Board requests a bonus for Ramsey from the University of Louisville Foundation. Some of these bonuses are held onto until a target date is…