These must be nice jobs to have.

Chicago Tribune reports.

Report: Illinois college chiefs living in ‘fantasy world of lavish perks’

Illinois community college and university presidents are enjoying a “fantasy world of lavish perks” — including housing allowances, cars, club memberships and generous bonuses — as part of sometimes secret deals that show disregard for taxpayers, according to a new report from state legislators.

The perks include a $32,000 housing allowance for the president of Harper College, a $450,000 retention bonus for a former University of Illinois at Chicago chancellor and $30,000 toward two retirement plans in addition to state pension contributions for the Elgin Community College president.

Lawmakers want to rein in those benefits amid a state budget crisis and public outcry over tuition costs. A Senate panel that investigated the issue plans to recommend several reforms, including state-run audits of community colleges and restriction of severance pay to one year’s salary, according to a copy of the report obtained by the Tribune.