Compensation in Non-Profits on Retirement
Today’s Boston Globe carried a front page article about the impending retirement of a number of leaders of prominent local non-profits, and pointed out that finding new leadership will be a critical issue in the near future as baby boomers with long years of service in nonprofits retire. In this connection, a recent article in the Non-Profit Quarterly (here) notes the recurring problem of organizations that have to deal with retirement pay for a CEO very close to the retirement date, or even after, where large lump sums can generate resentment on the part of other employees, and run up against IRS limits on pay for services not currently being performed.
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