Lynchburg’s NBC News affiliate reports:
Liberty University said it paid its recently resigned president, Jerry Falwell Jr., the two years’ base salary owed under his employment contract Tuesday.
The Lynchburg, Virginia-based Christian university issued a brief statement about the compensation that did not provide an exact figure but said previous “media reports regarding the size and terms” of Falwell’s severance were incorrect.
Falwell’s “reportable compensation” from Liberty was $1,099,356, according to a 2018 tax form the school provided AP. Other compensation was listed as $59,655. Liberty’s statement also said there was no severance or retirement negotiated in exchange for Falwell’s resignation last month.
Falwell had claimed he was owed $10.5 million.
According to Liberty, any additional compensation Falwell will receive following his resignation will only be accrued retirement benefits that reflect reasonable terms after 30 years committed to Liberty, including 13 as its president. https://t.co/TkO0aRPrfQ
— WHSVnews (@WHSVnews) September 30, 2020