12/10/2025
For years, USC has been boosting retirement payouts to its highest-earning employees in a little-known practice that has cost at least $10 million over the last three years, an Annenberg Media analysis has found.
The university at large learned about the retirement policy when interim President Beong-Soo Kim announced it was ending in a Nov. 3 email.
Kim said USC would halt a “payroll practice benefitting many of the highest compensated members of our community.” This practice likely had been paying out thousands to Kim in his role as the university’s general counsel since at least 2022.
Using USC’s tax documents, Annenberg Media conducted a detailed analysis of the decades-old practice.
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