Space Florida Trustees Approve Employee Bonus Plan

Space Florida President Frank DiBello
Space Florida President Frank DiBello

Space Florida’s Board of Trustees has approved an employee bonus package that could raise the pay of top officials at the for profit organization, the Orlando Sentinel reports.

Space Florida receives about a third of its money from state taxpayers, but the bonuses are to be paid from the private revenue that the authority receives through leases and other contracts.

“I’m looking for board support to put a tool in place that management can use to attract the kind of talent, and retain the kind of talent that we seek to run this organization,” Space Florida President Frank DiBello told the board during its meeting in Ponte Vedra Beach. “This is a very useful tool.”

DiBello could be eligible for a incentive pay equal to 50 percent of his salary, which would be a $133,000 bonus. Others in the organization would be eligible for bonuses ranging from 5 to 40 percent.

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