Nevada higher education regents have approved an early retirement deal for Chancellor Dan Klaich after he said his role in developing a college funding formula has become a distraction.
Regents praised Klaich and said they were reluctantly approving a deal Thursday to let him leave in June but take pay through his contract's expiration next summer.
Klaich was accused of misleading the Legislature about the relationship between his staff and their consultant while the state worked in 2012 on a new formula for distributing money among colleges.
A Las Vegas Review-Journal investigation examining Klaich's emails questioned the independence of the consultant, pointing to a memo written by Klaich's staff but on the consultant's letterhead.
Klaich says he regrets some of his statements over email but didn't intend to mislead lawmakers.
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