By Nic Corbett/The Star-Ledger

UMDNJ President William F. Owen
Mike Derer/AP. Outgoing UMDNJ President William F. Owen is shown in this 2009 file photo. Despite leaving the university, Owen will receive nearly $380,000 as a consultant in the search for his replacement through August, according to public records.

NEWARK — The president of the University of Medicine and Dentistry of New Jersey, who is resigning at the end of this week, will continue to earn his six-figure salary over the next eight months while serving as a consultant for his replacement, according to a separation agreement with the school.

William F. Owen — the highest-paid leader of a New Jersey public college or university — will be paid his current salary rate — amounting to $380,000 — through August and will be covered by health insurance, according to the document obtained by The Star-Ledger under the Open Public Records Act.


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