Wednesday, March 16, 2011

Guess these numbers

What is the significance of these numbers?

5.8%

6.2%

10 comments:

Geoff Brown said...

THey are they percentages that the IPCC got right in AR3 and AR4

Headless Blogger said...

True, but not what I was looking for this time. This one is Wisconsin teachers union related.

Dad29 said...

Health/Pension contribution requests?

Headless Blogger said...

5.8% is what teachers will have to pay for their pensions.

6.2% is what teachers do not have to pay for the employee share of Social Security.

I've heard it rumored forever, but a coworker says his ex-wife has her share of FICA paid by the school district.

Dad29 said...

I've heard it rumored forever, but a coworker says his ex-wife has her share of FICA paid by the school district

That's quite a feat, which may amount to tax fraud by the District.

I think one would want to examine the employee's W-2 to verify that.

Headless Blogger said...

That's what he told me. He just went through a divorce and examined her finances in much detail.

The other story I've heard is that since the WI pensions were established before SS, those that will receive the pensions were exempted from SS. I've seen some confirmation of this online, but nothing official looking.

Dad29 said...

There are some people who are exempt from SS taxation, but I don't know if that's because of pre-dating the system.

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