This is why the state university system cannot keep students in state.

 

then perhaps you do not work for us and it would be unfair for us to pay taxes toward the school. Simply have the foreign students pay the pensions. Remove all esponsibility from Illinois tax payers if the school refuses to accept appropriate numbers of them as students.

Edited February 7, 201313 yr by mr_genius

(This isn't actually why they're losing money. They're losing money because Congress passed a law a few years ago requiring them to pre-fund their pension plan out to 75 years by 2016, something that I'm pretty sure no one has to do anywhere. Without that enormous pension pre-funding, the USPS would actually be operating at a profit right now, despite being required to maintain saturday delivery and maintaining unprofitable post offices throughout the country in rural areas).

 

The first time I read this I couldn't believe it was true. They are literally funding pensions for future employees that haven't even been born yet.

You do realize USPS delivers 35% of UPS and Fed Ex packages in the US on the last mile program?

Already covered, Hoss.

then perhaps you do not work for us and it would be unfair for us to pay taxes toward the school. Simply have the foreign students pay the pensions. Remove all esponsibility from Illinois tax payers if the school refuses to accept appropriate numbers of them as students.

This is changing as the state has cut the funding of it's state universities from almost 75% to only 20%. It's not the foriegn student because many of them get reduced tuition by federal and other means, it's the out of state students (assuming you mean foreign as in country). It's the state cutting funding as putting a cap on raising tuition that has the universities looking for alternative funding streams ie. out of state students. I would prefer that the state stop the ruse of us being state schools and cuts us free to run it as we wish. However, there's that mission of making higher education accessible to the underprivleged and underrepresented that they force us to accommodate. When I started the low salary was in place with a promise of the pension.

 

Besides, the public hasn't paid into the pension for almost 10 years so there isn't anything to complain about.

Congress did not like the PMG thinking he can change delivery days on his own without there approval in heaing today!

Congress did not like the PMG thinking he can change delivery days on his own without there approval in heaing today!

He'd probably be happy to trade continued Saturday Delivery for fixing the insane pension prepayment rules. But more likely Congress will do nothing.

He'd probably be happy to trade continued Saturday Delivery for fixing the insane pension prepayment rules. But more likely Congress will do nothing.

I agree with both statements.

Edited February 14, 201313 yr by Soxfest