Right...5% of your earnings go into the pension fund instead of being paid directly to you. That is different than how a 401k works, for instance, were you may have 5% of you wages going in plus your employer also matches it with 5%. So this is in lieu of getting paid 5% more. It's essentially a forced savings plan.
-----Original Message----- From: C. Hatton Humphrey [mailto:[email protected]] Sent: Friday, February 25, 2011 20:04 To: cf-community Subject: Re: Walker, Wisconson Lier Let me break down my understanding of that line and tell me where you disagree: For the duration of this Agreement, the Employer <- That would be the State shall contribute on behalf of the employee five percent (5%) of the employee's earnings paid by the State. That means that the State pays 5% of your gross wages into the pension fund. Do you have a different interpretation of that? Until Later! C. Hatton Humphrey http://www.eastcoastconservative.com No trees were killed in the sending of this message, but a large number of electrons were terribly inconvenienced. On Fri, Feb 25, 2011 at 7:59 PM, Eric Roberts <[email protected]> wrote: > > by the State." ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:334735 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
