In the university president's defense, trying to attack her retirement benefits at this point is an exercise in futility, and would cost NKU lots of money in legal fees win or lose. If the DA gets a felony conviction against her, the situation changes.
I agree completely. Vortuba was actually saying all of the right things, and saying them forcefully. However, I don't see anything coming from this other than an early retirement. The conviction isn't terribly likely, plus I'm not convinced for a variety of reasons that the university would take this on even with a conviction. But one can always hope...