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To: Stayfree
Not a chance. So if a teacher puts in $100 every two weeks the state adds $5700? That's $11,400 a month or $138,800 per year.

Huckabee is an idiot and he makes Republicans look like idiots.

14 posted on 02/20/2011 6:05:59 PM PST by buccaneer81 (ECOMCON)
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To: buccaneer81

Correction: $148,200 a year based on 26 pay periods. Either way, Huckabee is an idiot.


16 posted on 02/20/2011 6:10:25 PM PST by buccaneer81 (ECOMCON)
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To: buccaneer81
Not a chance. So if a teacher puts in $100 every two weeks the state adds $5700? That's $11,400 a month or $138,800 per year.

It's entirely possible because the Wisconsin Retirement System pays its share of the retirement contribution AND picks up the employees contribution. So it's quite possible to get $57 from just a $1. In some cases probably even more than that because some government agencies pay even more as "kickers" or bonuses that get lumped on top of the individual and the government employer contribution. Usually to police and fire.

And the entire contribution is not taxable.

20 posted on 02/20/2011 6:21:25 PM PST by VeniVidiVici (Only two things come from Wisconsin and I see you're wearing an "I Heart Madistan" t-shirt)
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To: buccaneer81
Huckabee is an idiot and he makes Republicans look like idiots.

He's Main Stream Media. They aren't really great on fact checking.

I like FOX because I prefer a right leaning version of the news.

But even fox tends to rush stuff onto the TV screen without much research.

I take ALL news with a healthy grain of salt.

23 posted on 02/20/2011 6:32:33 PM PST by sonofagun (Some think my cynicism grows with age. I like to think of it as wisdom!)
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To: buccaneer81

Here is some info from the Milwaukee Teacher’s association.

New contract.

Starting in 2011, teachers will pay one percent of salary as a health insurance premium. So, a teacher making $52k per year will pay $10 per week. Family coverage is 2%, so the premium for the same income would be $20/week.

This is up from ZERO premium paid by teachers.

http://www.mtea.org/Contracts/Teachers/Tentative-Agreement.nws

The school district pays 6.5% of each employee’s grass pay into the retirement fund. The employees pay nothing out of pocket. I don’t believe anything changed in the new contract.

see page 208 on this copy of the contract.

http://www.mtea.org/User/Mimlitza/TEACHER0709.pdf

Most contracts are similar.


32 posted on 02/20/2011 7:19:57 PM PST by MediaMole
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To: buccaneer81

Not a chance. So if a teacher puts in $100 every two weeks the state adds $5700? That’s $11,400 a month or $138,800 per year.


Well, they have to be limits, not match every dollar with $57. Say you make $50K a year and the state puts $10k in your pension. Of that 10K you put 10k/57 or whatever.


34 posted on 02/20/2011 7:51:01 PM PST by mewykwistmas ("If the Egyptians are hungry, let them eat ethanol")
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