Former SU head's $6500/month retirement suit to La top court
NEW ORLEANS - The Louisiana Supreme Court says it will consider whether a state retirement system must keep paying what it says is nearly $79,000 a year too much to the former head of the Southern University System.
A state retirement system wants to cut Ralph Slaughter's future benefits and collect the amount it says he has been overpaid. Lower courts say it cannot do that because of a bureaucratic error.
Slaughter retired in 2009 as president of the nation's largest historically black university system, with retirement pay of $24,487.95 a month.
His contract as president included a state salary of $220,000 a year plus $200,000 a year from the Southern University Foundation.
The university notified the retirement system in 2010 that it mistakenly included foundation money in Slaughter's state retirement base pay.