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Former MSU President Lou Anna Simon Retiring, Will Receive $2.45 Million In Payments

Her retirement is effective Aug. 31.

July 30, 2019 - 6:52 pm

EAST LANSING, Mich. (WWJ) -- Former Michigan State University president Lou Anna Simon is set to retire on Aug. 31, the university announced on Tuesday.

Simon, who has spent 45 years at the school, will hold the titles of president emeritus and faculty emeritus upon her retirement. 

The former president will receive three annual payments for a total of $2.45 million, the school said. She will also receive her vested retirement and other benefits, similar to other retiring university executive managers.

Simon originally joined MSU as a fcaulty member in 1974 and held various faculty and administrative roles. She became the school's president in 2005, serving until 2018, when she resigned during the criminal sentencing of disgraced sports doctor Larry Nassar. Simon returned to a tenured faculty position in the fall of 2018 and voluntarily took a leave of absence while facing criminal charges in Eaton County.

"Our campus community is continuing its healing, and the Board of Trustees feel the retirement of Dr. Simon is best for the university," said Dianne Byrum, chairperson of the Board of Trustees, in a statement.