The five-member board of the Oregon-owned worker compensation insurance company has delayed a decision on a raise to its chief, Brenda Rocklin.
The Oregonian reported that she will receive a $290,000 base salary to manage SAIF Corp. She got a raise of nearly 14 percent last year, 15.6 percent in 2007.
One board member said SAIF is healthy and Rocklin’s performance exceptional, but the timing is wrong. The board voted to consider a raise by the fourth quarter or earlier, if the economy improves.
Other executives at government agencies have also seen raises withheld or taken pay cuts. Port of Portland Executive Director Bill Wyatt is taking a 10 percent cut in his annual salary of nearly $300,000.
Was this article valuable?
Here are more articles you may enjoy.