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Viewing: Blog Posts Tagged with: salary, Most Recent at Top [Help]
Results 1 - 3 of 3
1. Hike Salary of MLA

Hike Salary of MLA

cartoon aap salary by Monica Gupta

 

Hike Salary of MLA

सावधान .. अगर आप भी किसी विधायक के घर जा रहे हैं तो कृपया करके चाय वाय पी कर जाए अन्यथा … !!!! क्योकि  विधायकों का कहना है कि खर्च की तुलना में वेतनमान बेहद कम मिलता है, इसके अलावा महंगाई बहुत ज्यादा है। दिनभर मेल-मुलाकातों के दौरान चाय-पानी पर काफी खर्च आ जाता है। ऐसे में हमें बेहद दिक्कत पेश आती है। हम इमानदारी से काम करने वाले लोग हैं, इसलिए वेतनमान में इजाफा होना चाहिए। सूत्रों का कहना है कि आप सरकार वेतन बढ़ाने की मांग पर कार्रवाई कर सकती है।

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नई दिल्लीः घर चलाने के लिए आम आदमी पार्टी (आप) के कई विधायकों ने वेतन बढ़ाए जाने की मांग की है। विधायकों का कहना है कि उनको जो भी वेतनमान मिलता है वह उनके दफ्तर और उससे संबंधित व्यवस्थाओं में ही खर्च हो जाता है, ऐसे में वह अपना घर खर्च कहां से चलाएं। वेतन बढ़ाने के लिए कुछ इसी तरह के तर्क देकर आम आदमी पार्टी के बीस से अधिक विधायकों ने मुख्यमंत्री अरविंद केजरीवाल को पत्र लिखे हैं। इन विधायकों का कहना है कि खर्च की तुलना में वेतनमान बेहद कम मिलता है, इसके अलावा महंगाई बहुत ज्यादा है। दिनभर मेल-मुलाकातों के दौरान चाय-पानी पर काफी खर्च आ जाता है। ऐसे में हमें बेहद दिक्कत पेश आती है। हम इमानदारी से काम करने वाले लोग हैं, इसलिए वेतनमान में इजाफा होना चाहिए। सूत्रों का कहना है कि आप सरकार वेतन बढ़ाने की मांग पर कार्रवाई कर सकती है See more…

 

AAP MLAs demand a hike in their salaries from Arvind Kejriwal | Latest News & Updates at Daily News & Analysis

A delegation of 20 Aam Aadmi Party legislators on Friday met Delhi Chief Minister Arvind Kejriwal demanding a hike in their salaries. Taking a clue from Parliamentarians in Lok Sabha and Rajya Sabha seeking 100 percent hike in their salaries, the AAP MLAs also decided to approach both Delhi CM and his deputy Manish Sisodia for a similar raise.

While speaking to dna AAP MLA Nitn Tyagi said that a team of 20 legislators had approached the CM, all the legislators unanimously agree that salaries must be raised.

“We get 53,500 in hand and it might sound a lot but we are not able to save a penny for ourselves. In fact I personally have on many occasions used money from my personal savings to work for the people of my constituency,” Tyagi said.

He added that not only him but other MLAs as well end up paying for the office, salaries of helpers, stationeries and so on, and that most of the previously lawmakers would also own business so had not much to rely on government salary.

“This is not the case with us. In a day, dozens of people from my constituency come to meet me with their problems. The people have to be served water, tea or snacks. This is basic courtesy but given the current salary even being courteous is turning out to be expensive for us.” dnaindia.com

तो इसमे गलत ही क्या है अभी नही कर सकते इतना खर्चा इसलिए तो अपने घर के बाहर बोर्ड लगा दिया है  jee …

The post Hike Salary of MLA appeared first on Monica Gupta.

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2. Back to school specialPart 1: Education data today

By Sydney Beveridge, Social Explorer With the new school year approaching, Social Explorer is taking a closer look at education data today and over the years. The most recent available data (from the 2009 American Community Survey) reveal education levels and distinctions among groups, as well as the correlations between educational attainment, income and employment.

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3. Legislators’ Pension Spikes as Broken Windows: The Connecticut Example

By Edward Zelinsky


Connecticut’s new governor, Dannel P. Malloy, has appointed six sitting members of the Nutmeg State’s General Assembly to positions in the executive branch. These gubernatorial appointments have engendered a fair amount of discussion since special elections will be required to fill the legislative vacancies resulting from these appointments.

There has, however, been no public discussion of the pension implications of these appointments. Under Connecticut’s retirement plans for government employees, relatively brief service in executive positions results in significant spikes in legislators’ state pensions. This phenomenon is not unique to Connecticut.

The issue of legislators’ pension spikes suggests how difficult it will be for state governments to curb their unruly pension costs. Legislators’ pension spikes are the broken windows of the state pension crisis, emblems of underlying fiscal disorder.

While the details are complex, the basic arithmetic is not: Connecticut state employees (including legislators) are covered by contributory defined benefit pension plans. These plans provide “final average” pensions, meaning that a participant’s pension is based on the highest salary he earns during his last three years of state employment.

To take a simplified, but substantively accurate, example, suppose that a Connecticut legislator serves for twenty years at a constant salary of $30,000 per year. Suppose further that the state’s defined benefit pension plan pays this legislator a retirement annuity equal to his final salary multiplied by one percent for each of his years of state service. In this case, the legislator is entitled to a retirement annuity of $6,000 yearly because $30,000 X 20% = $6,000.

Now suppose that this same individual spends seventeen years in the General Assembly and then works in the executive branch for the last three years of his state career at an annual salary of $100,000. Under the retirement plan’s final average formula, the legislator’s final average salary spikes and thus so does his pension. In this simplified example, the three years of full-time executive branch employment rachet the former legislator’s state pension from $6,000 annually to $20,000 yearly because $100,000 x 20% = $20,000.

In effect, the former legislator’s last three years of full-time executive service at a salary of $100,000 retroactively balloon the value of his first seventeen years of relatively low-paid, part-time legislative service. The result is a tripling of the former legislator’s pension even though he only works at the higher salary for the last three of twenty years in state government. The legislator gets the same pension as does a Connecticut state employee who, over his twenty year career, consistently earned a full-time salary of $100,000.

Another way of characterizing this pension spike is that the governor bestows upon this former legislator a signing bonus for joining the executive branch of state government. Since he works for the governor at the higher executive salary, the former legislator’s state pension increases more than three-fold during his relatively short executive branch service.

Quantifying this signing bonus as a lump sum involves many details and qualifications, such as assumed interest rates, life expectancies, and other actuarial variables. However, under conservative assumptions, in this simplified example, the present value of the former legislator’s increased pension is at least several hundred thousand dollars. Frequently, in practice, the amounts involved are even more.

If Governor Malloy had granted each of his appointees from the General Assembly a $200,000 check as a signing bonus, the public outcry would have been overwhe

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