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Subject: UNDERSTANDING THE 1.5%


Author:
JOHN MAHON
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Date Posted: 11:21:59 04/14/06 Fri
 NO MATTER WHICH WAY YOU LOOK AT IT THE 9.0%IS NOT FREE AND CLEAR.GRANTED IF YOU TAKE ABASE PAY OF 50,000.00AND ADD THE INCREASE OF $1500.00 THE FIRST YEAR $775.00 FOR HEALTH CONTRI.=$725.00 SECOND YEAR$2060.00-HEALTH CONT.OF $848.00=$1213.00 INCREASE NEXT $1875.00-HEALTH CONT. OF $936.00= $939.00 INCREASE.END OF CONTRACT YOU WILL SEE A TOTAL INCREASE OF $5540.00 WHICH IS GROSS NOT NET.COST OF HEALTH CONTR. AT THE END IS $2559.00 DEDUCT THIS FROM $5540.00 YOUR NET RAISE IS $2877.00 DIVIDEDTHAT BY 37 MONTHS=$78.00 AMONTH OR$19.00 AWEEK BEFORE TAXES.THE 3 YEAR INCREASES COMPOUNDED =10.87% COMPOUNDED ONLY ADDS $300.00 FOR THE LIFE OF THE CONTRACT. DEDUCT THE 47% YOU PAID FOR HEALTH COVERAGE FOR RETIREMENT SUPPOSEDLY; AND THE CONTRACTS NET VALUE BECOMES 5.76% .NO WHERE DID THE M.T.A. SAY CONTRIBITIONS WERE FOR RETIREMENT BENEFITS .THEIR CONCERNED WITH THE COST OF BENIFITS NOW.P.S NO MATTER WHICH WAY YOU TURN YOUR BUTT IS ALWAYS BEHIND YOU.
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Subject Author Date
457K and 401ktony day11:33:26 05/25/06 Thu

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