EC-Bills

Very nice.

Well since Ricky has now come out of the closet, I wonder how long before Erynthered follows suit...

Heart and thoughts are with your family.

Methodologies may be different, but the end result of us being screwed is still the same. Lucky us.

For my retirement, they take 8%. ~22% for my total deductions which include health, dental, medicare, federal, state, etc. Nope

Christ, stop putting Tom up on a pedestal.

For the State University Retirement System (SURS), things are calculated in a couple ways: What earnings will be used to calculate my pension under the Traditional or Portable plan? SURS uses a figure called "Final Average Earnings" to calculate your retirement annuity if you are on either the Traditional or Portable Plan. SURS calculates these in two ways and uses the higher earnings figure, either: the average of the 4 highest-paid consecutive academic years of employment; or the average of the last 48 months prior to termination of employment. The academic year is the 12-month period starting on the first day of the fall term. For the University of Illinois, the period is August 16 through August 15. Overtime Pay and Summer Session earnings are included in the calculation. Accrued vacation earnings up to 56 workdays are included if they are paid when you terminate employment. Payment for sick leave is not included in the calculation. Also, with few exceptions, earnings during any academic year after June 30, 1997, which exceed the previous year earnings by more than 20% will be excluded from the calculation. So to answer your question, it's entirely possible and regularly done.

Being that I work at the U of I, I recognize some of the names on the list and am not surprised. Don't worry, it gets even better. What that article doesn't mention is that a portion of these retirees after waiting the state mandated 30 days of separation go back to work for the University for a 70-80% work appointment. Thus you have folks double dipping. It'll be interesting to see what happens when the next set of douches are elected in Novemer. I am not holding my breath though due to !@#$ing Chicago area liberals.

linky

Exactly what I was thinking.

Tell me about it. Quinn is so in over his head and with Chicago being...well..Chicago, we'll probably be stuck with him for four more years. Look out California, Illinois has your number in trying to be the most screwed up political state in the U.S.

Wow, you are feisty towards the ball this morning

I am with Blue. Chrome it up

I was giving a wise ass response. I figured Tom was trying to get people going with this post.

Yes they can and yes they will.

So because you read it on the internet it must be true?!?

I would pass - it's a waste of money. Plus it's a first gen model.

Are you sure it wasn't written in invisible ink?

R.I.P

Coming from you, that means so much.

Oh, the irony.

Quite frequently