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Respect. He's got mine.

Discussion in 'Off Topic' started by Kevatc, Aug 28, 2011.

  1. Kevatc

    Kevatc Oregon Well-Known Member

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  2. Decker

    Decker My house Active Member

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    Wow
     
  3. MA Duce

    MA Duce Central Oregon Well-Known Member

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    Get this guy cloned.....too bad more in government do not grasp the meaning of the term "public servant".
     
  4. Kevatc

    Kevatc Oregon Well-Known Member

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    Story gets better.



    FRESNO, Calif. — The school superintendent in California who is forgoing hundreds of thousands of dollars in pay and benefits to help offset budget cuts to his school district has decided to give away even more.

    Fresno County Superintendent Larry Powell recently volunteered to return more than $288,000 in annual salary and benefits for the next three-and-a-half years of his term. He technically is retiring, allowing him to collect a six-figure annual pension, then will be rehired with a $31,000 salary.

    In an interview with Ed Schultz on msnbc cable TV's "The Ed Show" on Tuesday, Powell said that he would donate that $31,000 salary to charity.


    The guy is giving up alot more than salary as well:


    In an arrangement worked out with the district, Powell will retire on Thursday and then be hired back to fill the remainder of his four-year term. Powell will collect his retirement of roughly $200,000 a year while working fulltime for the district. But the salary he would be earning as superintendent stays in the general fund budget and is now going toward at-risk educational programs.

    By staying on the job, the 63-year-old Powell saves the district from having to pay another superintendent's salary. He had to give up his $250,000 life insurance policy and will go on his wife's health care plan.

    Because he retired early, Powell said he'll receive $28,000 a year less in pension payments for the rest of his life than he would have earned had he stayed on the district's payroll until the end of his term.

    Powell said that if he lives to be 87, the current age of his parents, the early retirement will cost him $900,000 in reduced pension benefits, including $200,000 less in earnings for the remainder of his term.


    http://www.msnbc.msn.com/id/44328222/ns/us_news-giving/
     
  5. MetalMan

    MetalMan Tigard, OR New Member

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    With the way California is, it's no surprise that they are running short on money.
     
  6. Gunner3456

    Gunner3456 Salem Well-Known Member

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    So he's giving up a net of about $250,000 salary to save the district money, and then getting the general Calif. taxpayers for $200,000 in retirement pay.

    How do the idiots in Kalifornia wind up paying these numbers in the first place? $200,000 retirement?

    No wonder Kalif. is broke.