Massachusetts Legislation Would Set Limits on Nonprofit CEO Pay
Massachusetts legislator Peter Durant and others have introduced a bill that sets maximum “compensation” for CEOs and other named officers of Massachusetts nonprofits based on the size of the organization’s annual budget, with further increases limited to the percent increase in the Consumer Price Index. “Compensation” is defined in the bill as “salary, bonus and incentive pay, deferred compensation and nontaxable level benefits.” For example, the cap for a CEO’s compensation for organizations with budgets in excess of $25M (the highest category in the bill) is $213,165.
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