Pension paid by Employee
PICK UP:
Twenty four percent of a teacher’s pay (an amount equivalant to 24% of $90,000 annual salary = $21,600) goes into her personal pension account. BOE (taxpayers) picks up (pays) 14% of the salary amount ($12,600). Teacher pays the other 10% ($9,000) out of her own income.
PICK UP OF THE PICK UP:
Twenty four percent of an administrators pay (an amount equivalent to 24% of $100,000 annual salary = $24,000) goes into her personal pension account. BOE (taxpayers) picks up (pays) all of that amount ($24,000). Administrator pays nothing toward their own pension.
The new Collective Bargaining Law (for teachers) reduces the taxpayers “pick up” from 14% to ??. and increases the teachers “pick up” from10% to ??. Using the salaries in the above example, the taxpayer now pays $ and the teacher now pays $ .
Sycamore’s 20 administrators total pay in 2010 was ?$2,000,000?. Taxpayers paid an additional $480,000 annually for their personal pension fund.
Sycamore’s 500 teachers total ……..
The ssenate bill 5 saved taxpayers $?? annually. If however the BOE Adamec, R,S,C,F raises the Adminustrators pay by $ , it is the equivalnent of by passing the intent of the new law and cheats taxpayers.
