What kind of math are they using to calculate Calhoun's contract:
According to The contract report, gives him $450,000.00 regular university per pay period,and there are 26 "regular university pay periods" per year year, so that calculates to $11,700,000.00 annual salary for just one year!
Based on these figures, Calhoun will be eligible for slightly more than $7,000,000.00 in annual pension payments from the state retirement fund, and as any state employee, he will have the option of selecting a survivorship benefit for his wife so that after he dies, Mrs. Calhoun could receive his multi-million dollar pension at taxpayer expense for the rest of her life too.
Calhoun must now be the highest paid state or government employee in America.
We now know why the university was so anxious to pass such huge tuition increases onto the students. Like everything else the government loves to give away, someone has to pay for this nonsense!
Good thing that crook Dodd got the University that $100 million. It appears most of it is going to Calhoun's paycheck! Must be Calhoun's payoff for supporting Obama in the election.
What kind of math are they using to calculate Calhoun's contract:
ReplyDeleteAccording to The contract report, gives him $450,000.00 regular university per pay period,and there are 26 "regular university pay periods" per year year, so that calculates to $11,700,000.00 annual salary for just one year!
Based on these figures, Calhoun will be eligible for slightly more than $7,000,000.00 in annual pension payments from the state retirement fund, and as any state employee, he will have the option of selecting a survivorship benefit for his wife so that after he dies, Mrs. Calhoun could receive his multi-million dollar pension at taxpayer expense for the rest of her life too.
Calhoun must now be the highest paid state or government employee in America.
We now know why the university was so anxious to pass such huge tuition increases onto the students. Like everything else the government loves to give away, someone has to pay for this nonsense!
Good thing that crook Dodd got the University that $100 million. It appears most of it is going to Calhoun's paycheck! Must be Calhoun's payoff for supporting Obama in the election.
ReplyDelete