tagged w/ Salary
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By not voting to block it, Congress has quietly accepted a $4,900 a year cost-of-living pay increase, their third in four years. As of January, rank and file members will be paid $150,000 annually.
Under a complex system adopted in 1989, raises for Senator and Representatives are applied automatically unless a vote is taken to block them. These unpublicized, procedural votes typically take place late in the session -- and late at night.
This year, the vote came on December 7 at 10:31 pm EST, when the Senate defeated 33-65 a motion by Sen. Russell Feingold (D-Wisconsin) to "provide that Members of Congress shall not receive a cost-of-living adjustment in pay during fiscal year 2002."
Following the vote, Sen. Feingold stated he would turn down the raise and continue to accept the $136,700 he earned when first elected. Feingold stated, however that lawmakers are neither underpaid or overpaid.
"I just think the process of an automatic pay raise system is wrong," said Feingold. "If we deserve a pay raise, we should have to vote on it."
Since 1990, congressional pay has increased steadily from $98,400 to $150,00 starting in January 2002.
Defenders of the automatic congressional pay raises compare lawmaker's salaries to the far higher incomes of private-sector executives and point out that Congress members also face the added expense of maintaining homes in both Washington and their home states. If anything, the argue, legislators are underpaid.
Congressional pay rates also affect the salaries for federal judges and other senior government officials.
The National Taxpayers Union, which opposed the pay raise, sent members of Congress a letter this year asking them to turn down the raise in light of the Sept. 11 terrorist attacks and their impact on taxpayers. The letter pointed out that Congress had twice voted to cut its pay during the Great Depression and froze its pay during World War II. "Apparently, they're having trouble paying the rent and buying groceries on $145,000 a year," stated Taxpayers Union spokesman Pete Sepp.
During the Constitutional Convention (1774-1789), Benjamin Franklin considered proposing that members of the new Congress should serve without pay, but other Founding Fathers convinced him otherwise.
From 1789 to 1815, members of Congress were paid $6.00 per day while in session. Members began receiving an annual salary of $1,500 in 1815.
While the 27th Amendment to the Constitution states that no laws regarding congressional salaries can go into effect until after a congressional election, the amendment does not apply to the annual cost-of-living increases. Under the 1989 law, the cost-of-living increases are part of the annual pay increases recommended by the president for all federal employees.By not voting to block it, Congress has quietly accepted a $4,900 a year... more
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LOLOLOLOL! THE PEOPLE WIN IN CALIFORNIA!
Our state legislature is notorious for its month-long budget standoffs and, while social service programs come to a stop, contractors go unpaid, and people lose their jobs, the legislators continue to get paid, just like clockwork.
Well, the people of California passed a measure where, if the budget isn't passed by June 16, the legislators' paychecks stop.
Our state controller, John Chiang, is enforcing it, too.
LOLOLOLOL! TAKE THAT, you assholes.
With all the bad news about the government increasing its control over the citizens, isn't it GREAT to hear about the citizens successfully fighting back?
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latimes.com/news/local/la-me-legislature-pay-20110603,0,3349292.story
latimes.com
CALIFORNIA LAWMAKERS WILL LOSE PAY IF BUDGET ISN'T PASSED BY JUNE 15, STATE CONTROLLER SAYS.
John Chiang, California's chief accountant, says he will invoke the provisions of a new law requiring him to dock legislators' pay unless they approve a balanced spending plan on time.
By Evan Halper, Los Angeles Times
June 3, 2011
Reporting from Sacramento -- California lawmakers will start losing their pay in two weeks if they don't complete a balanced budget, state Controller John Chiang announced Thursday.
Chiang, the state's chief accountant, said a ballot measure passed in November requires him to dock legislators' pay unless they approve a balanced spending plan by the June 15 deadline specified in the California Constitution.
His interpretation of the measure differs from that of lawyers in the state Senate, who recently said that a budget bill lawmakers passed in March — which left the state with a nearly $11-billion shortfall — met the conditions to keep salaries flowing. But Chiang issues the checks.
"In passing Proposition 25 last November, voters clearly stated they expect their representatives to make the difficult decisions needed to resolve any budget shortfalls by the mandatory deadline, or be penalized," Chiang said in a statement. "I will enforce the voters' demand."
Legislative leaders expressed support for the controller's decision, despite earlier hedging and statements from their staff that lawmakers were entitled to collect their pay regardless of whether any further action was taken on the budget.
"The controller's decision resolves any questions about the Legislature's obligations under Proposition 25," Senate President Pro Tem Darrell Steinberg (D-Sacramento) said in a statement. "I support the controller's conclusion."
Assembly Speaker John A. Pérez (D-Los Angeles) said in a statement: "I do not believe we should even be talking about loopholes or ways to get around that provision, because our focus needs to be on doing our job and passing a balanced budget."
The controller's announcement comes amid legislative gridlock on a spending plan....
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[FULL ARTICLE AT URL, ABOVE]LOLOLOLOL! THE PEOPLE WIN IN CALIFORNIA!
Our state legislature is notorious for... more
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Lloyd Blankfein, Goldman Sachs Group Inc.’s chairman and chief executive officer, warned against raising base salaries on Wall Street under eight months before his own more than tripled to $2 million.
Goldman Sachs prefers paying compensation in bonuses that are contingent on the firm’s performance, rather than offering guarantees or high salaries, Blankfein said inside a June 16 interview with staff from the Financial Crisis Inquiry Commission, a recording of which was made public this month. On Jan. 28, the New York-based firm disclosed it had raised salaries for Blankfein and four other top executives that had been $600,000.Lloyd Blankfein, Goldman Sachs Group Inc.’s chairman and chief executive... more
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A job contract should be a mutually beneficial deal between your employer and you. Therefore, always pause to consider the various aspects of a job before you actually accept an employment offer.A job contract should be a mutually beneficial deal between your employer and you.... more
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Alstom
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added this
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1 year ago
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Obtaining a PhD can be an extremely smart career move. These studies show how PhDs can drastically increase earning potential.
link:http://www.phddegree.org/profitable-phds-which-doctorates-pay-the-most-25-studies-and-stat-sources.htmlObtaining a PhD can be an extremely smart career move. These studies show how PhDs can... more
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eva2
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1 year ago
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n those idle daydreams about the perfect job, that fantasy promotion, it is a wage that - for the overwhelming majority of us - will do very nicely indeed.
An annual income of £100,000 is enough to put a recipient comfortably within the top 2% of all earners, and the figure has become a key indicator that the recipient is a high-flier.
The BBC's Panorama survey of the best-remunerated public servants took £100,000 as its yardstick - and it found that some 38,045 state employees take home that amount or more each year. Going by official figures, that leaves about 545,000 privately employed people earning £100,000 or more per year.
It is a sum that puts one within touching distance of the prime minister's earning power - David Cameron having taken a 5% pay cut upon assuming office, bringing his salary to £142,500.
http://www.bbc.co.uk/news/magazine-11382591n those idle daydreams about the perfect job, that fantasy promotion, it is a wage... more
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These days colleges are more business than just an institute of learning. It takes a well trained and in some cases a well paid staff to keep it running. Here are some of the best and worst jobs to have at a college.These days colleges are more business than just an institute of learning. It takes a... more
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In addition to the high salary and job security, other aspects of the profession may appeal to you based on your personal characteristics and preferences – like the 10 listed below.
:http://www.bestcollegesonline.net/blog/2010/10-ways-to-know-you-were-born-to-be-an-accountant/In addition to the high salary and job security, other aspects of the profession may... more
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It sounds like some assumed Andy Coulson was earning £275,000 Conservative director of communications before heading into Downing Street. Today, some newspapers are reporting he's earning £140,000 after parliament released the figures, though many journalists noticed this is still a higher wage than Nick Clegg.
"The ceiling for special advisers' pay is £142,500, ensuring they do not earn more than Cameron. They are paid for by taxpayers to provide political advice to ministers and No 10."-Guardian
The list of salaries showed the earning of special senior advisers for Government, though despite the transparency the questions about the role advisers play in government still remain.
What do you think about advisers to ministers? Is it important we know more information about their role in government?It sounds like some assumed Andy Coulson was earning £275,000 Conservative... more
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No matter your salary, you can always take steps to improve your life and health. You don’t have to be a health care professional to learn how to live healthy. If you want to improve your life, creating a better situation for yourself, you can do so. ''
link : http://lpntobsnonline.org/2010/51-healthy-living-cheat-sheets-to-improve-your-life/No matter your salary, you can always take steps to improve your life and health. You... more
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suzane
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1 year ago
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Despite a global financial meltdown tied to reckless risk-taking, I'm hearing a disturbing trend in advance of upcoming annual shareholder meetings: Most companies are still paying executives in ways that foster short-termism at the expense of long-term sustainability.
I recently spoke at a Financial Times conference in New York about how sustainability is a central corporate governance issue, but left there only partially encouraged. Major investors like John Wilson of TIAA-CREF and Brian Rice of the California State Teachers' Retirement System (CalSTRS) described the innovative ways they’ve made sustainability a part of their company engagement and proxy voting policies.
But these were the exceptions — most companies are still not talking with investors and their boards about sustainability.
I was also disillusioned when Merck’s director of corporate responsibility, Maggie Kohn, expressed concern that most investors are not using information in corporate sustainability reports.
Let’s be clear. Today’s global realities — a changing climate, rapidly emerging economies and the expected arrival of some 2 billion additional humans — demand new business models. If we fail to address the serious risks facing companies now, we will not only face another financial-sector meltdown, we’ll encounter environmental and social upheaval on a scale never before seen.
So what to do?
We all know that one of the fastest ways to get people’s attention is to bring pay into the equation. That’s why I think some of the most exciting news has to do with the innovative compensation schemes a few companies are using to weave sustainability into the fabric of their businesses.
What I like about these three models in particularly is that they show the path forward in different ways ...
http://solveclimate.com/blog/20100426/creative-compensation-plans-weave-sustainability-fabric-businessDespite a global financial meltdown tied to reckless risk-taking, I'm hearing a... more
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Arizona's immigration strategy: Make life tough - latimes.com
Reporting from Phoenix and Tucson
For years Arizona's government has tried to deter unlawful immigration with a consistent approach -- make life for illegal immigrants so uncomfortable and uncertain that they will leave, or never come in the first place.
So this week, when the House of Representatives passed what's viewed as the toughest state law against illegal immigration in the nation, it was the continuation of a pattern that has been widely popular in the state.
"When you make life difficult," said state Sen. Russell Pearce, author of the current bill and earlier hard-line measures, "most will leave on their own."
There is evidence that is true. The number of illegal immigrants in Arizona dropped 18% between 2008 and 2009, the largest decrease in the nation, according to federal estimates.
"People are not going out to restaurants. They're afraid to do things with their families," said Sergio Gaxiola, 57, of Nogales. "The pressure has been building."
In 2007, the state passed first-in-the-nation penalties for employers who don't ensure their workers are in the country legally. The law led many illegal workers to conclude that they could never find steady jobs in Arizona.
Last year, the state made it a crime for state workers to give illegal immigrants unauthorized benefits, which scared many from applying for government assistance they are allowed.
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http://www.latimes.com/news/nationworld/nation/la-na-arizona-immigration15-2010apr15,0,5463716.story
http://www.spartacus.schoolnet.co.uk/USAiw.jpgArizona's immigration strategy: Make life tough - latimes.com
Reporting from... more
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"A Republican and Democrat have put forward legislation that would rescind the automatic pay increase lawmakers are slated to receive in 2011."
story continues at link
Annual congressional salaries right now:
rank and file members:$174,000
majority/minority leaders(house and senate):$193,400
speaker of the house:$223,500
source:http://usgovinfo.about.com/od/uscongress/a/congresspay.htm
from what i could find i believe the 2011 pay raise would be 2.8% or about $4,500 for rank and file members."A Republican and Democrat have put forward legislation that would rescind the... more
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Mark Thompson's salary package of £834,000 has become an uncomfortable political issue for the BBC director general, held up by the Tories as a potent symbol of the corporation's profligacy with public money. But it seems that for Thompson himself, even this generous sum may not be enough to cover the irritating little costs that go with the job.
From The Guardian
http://www.guardian.co.uk/media/2009/nov/12/bbc-expenses-mark-thompson-payMark Thompson's salary package of £834,000 has become an uncomfortable... more
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pcs007
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2 years ago
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