Outgoing Penn State President Eric Barron unanimously received a 2.5% raise from the university’s Board of Trustees Friday afternoon.

Barron, who’s set to retire in June, will now receive an annual salary of $876,612 — about $21,000 more than last year. The board’s Subcommittee on Compensation said his salary got bumped up thanks to his experience and performance.

In 2020, Barron made nearly $1.15 million, according to the Chronicle of Higher Education. He was the seventh-highest-paid university president that year.

Other “Tier II” executives received salary increases Friday as well. Provost Nick Jones will now make $582,838 — an increase of about $13,000.

Sara Thorndike, Penn State’s senior vice president for finance and business who was hired this year, will make an even $448,000. Her predecessor, David Gray, made $537,372 back in 2019.

Penn State’s top executives last received raises in 2019. Budget cuts in 2020 due to the pandemic prevented additional raises. Barron and some fellow administrators also returned about 10% of their salaries to aid student and employee assistance funds.

Penn State said Friday’s salary raises are consistent with those included in the university’s operating budget, which was approved back in July. More than $27.5 million was dedicated to faculty and staff salary increases.

StateCollege.com’s Geoff Rushton contributed to this report.