salary cut :

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salary cut

  • n  the act of reducing a salary
News & Articles

  • Brogan’s early exit means he’s no longer a million-dollar man
    State University System Chancellor Frank Brogan, a former Florida Atlantic University president, acknowledged he would “take a hit,” with his move to a similar job in Pennsylvania. He’s taking a salary cut: from $357,000 to $327,500 a year. But the 35-year government employee will find the pay reduction cushioned by $16,029-a-month in pension payments once [...]
    Aug. 9, 2013 - The Palm Beach Post

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