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Post-secondary officials may not be able to float into retirement on a "golden parachute."

May 3, 2000
By: Renny MacKay
State Capital Bureau

The controversy over the retirement packages of three Missouri post secondary officials prompted a Senate amendment to prevent schools from giving out "golden parachutes."

Renny MacKay has more about legislation from Jefferson City.

Story:MacKay
RunTime:
OutCue: SOC

Ex-Tiger basketball coach Norm Stewart got one of the packages that raised eyebrows around the state. Stewart's and two other retirement deals prompted Senator Wayne Goode to propose a law preventing further "sweetheart deals" for Missouri post secondary officials.

He tacked the proposal onto a House bill. The Senate passed the bill, sending it back to the House for final approval.

The law wouldn't be retroactive, so won't affect Stewart's or the other two deals.

From the state capitol, I'm Renny MacKay.