Improved Compensation Future under Strengthened AAUP & Continued Merit Increases/Savings History
OPTIMISTIC REPRESENTATIVE END OF THE OUTCOME SPECTRUM: GrossPay and Benefits for anticipated typical academic future career as portrayed by AAUP, Office of Education Statistics, and Bureau of Labor Statistics. Investment benefits continue with current proficiency and Dr Weinbaum's demonstrated financial planning commitment to savings opportunties.
| |
|
|
|
|
|
<--GROSSPAY] |
[BENEFITS --> |
|
|
|
|
|
|
| 2.0% |
inflation:cola |
|
|
$945,075 |
$920,989 |
TOTALS |
|
$135,962 |
$11,519 |
$626,660 |
$163,012 |
$3,878 |
$941,032 |
| 3.0% |
increases:wage |
|
|
|
|
|
|
ARP-STRS |
PreTax v AftTax |
|
Med/Dntl/Visn |
GroupLife/ |
|
| 2.5% |
interest rate: |
|
long/shortterm mix |
|
|
|
ARP Pension |
Employer% |
ARP TaxSavLoss |
ARP YieldLost |
HealthInsurance |
Disability |
Expected |
| GrossPay |
|
|
|
|
Pay Loss |
|
Status |
14.0% |
9.3% |
|
17.7% |
Lost |
BenefitsLost |
| - Contract |
age |
year |
mortality |
Pay Loss |
Expected |
|
6.7% |
|
12.8% |
<TaxBracket |
of GrossPay |
|
|
| $45,676 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| $44,999 |
51 |
2003 |
8689404 |
$18,920 |
$18,920 |
|
APY Observed |
$6,300 |
$534 |
$230 |
$8,312 |
$240 |
$15,146 |
| $44,332 |
52 |
2004 |
8610244 |
$44,332 |
$44,332 |
|
ExistingAcctVal |
$6,206 |
$526 |
$703 |
$8,189 |
$232 |
$14,785 |
| $43,674 |
53 |
2005 |
8524486 |
$43,674 |
$43,239 |
|
$65,417 |
$6,114 |
$518 |
$68,822 |
$8,068 |
$224 |
$14,554 |
| $46,175 |
54 |
2006 |
8431654 |
$46,175 |
$45,673 |
<--AssocProf |
|
$6,465 |
$548 |
$10,709 |
$7,948 |
$216 |
$14,797 |
| $45,491 |
55 |
2007 |
8331317 |
$45,491 |
$44,949 |
$3,148 |
|
$6,369 |
$540 |
$11,900 |
$7,830 |
$209 |
$14,563 |
| $44,816 |
56 |
2008 |
8223010 |
$44,816 |
$44,234 |
|
|
$6,274 |
$532 |
$13,164 |
$7,714 |
$202 |
$14,331 |
| $44,152 |
57 |
2009 |
8106161 |
$44,152 |
$43,525 |
|
|
$6,181 |
$524 |
$14,506 |
$7,600 |
$195 |
$14,101 |
| $43,497 |
58 |
2010 |
7980191 |
$43,497 |
$42,821 |
|
|
$6,090 |
$516 |
$15,933 |
$7,487 |
$189 |
$13,874 |
| $42,853 |
59 |
2011 |
7844528 |
$42,853 |
$42,124 |
|
|
$5,999 |
$508 |
$17,449 |
$7,376 |
$182 |
$13,648 |
| $42,217 |
60 |
2012 |
7698698 |
$42,217 |
$41,432 |
|
|
$5,910 |
$501 |
$19,060 |
$7,267 |
$176 |
$13,424 |
| $41,591 |
61 |
2013 |
7542106 |
$41,591 |
$40,745 |
|
|
$5,823 |
$493 |
$20,774 |
$7,159 |
$170 |
$13,201 |
| $40,975 |
62 |
2014 |
7374370 |
$40,975 |
$40,063 |
|
|
$5,736 |
$486 |
$22,596 |
$7,053 |
$164 |
$12,980 |
| $40,367 |
63 |
2015 |
7195099 |
$40,367 |
$39,386 |
|
|
$5,651 |
$479 |
$24,536 |
$6,948 |
$159 |
$12,761 |
| $43,384 |
64 |
2016 |
7003925 |
$43,384 |
$42,231 |
<--FullProf |
|
$6,074 |
$515 |
$26,618 |
$6,845 |
$153 |
$13,077 |
| $42,741 |
65 |
2017 |
6800531 |
$42,741 |
$41,500 |
$3,615 |
|
$5,984 |
$507 |
$28,853 |
$6,744 |
$148 |
$12,850 |
| $42,107 |
66 |
2018 |
6584614 |
$42,107 |
$40,770 |
|
|
$5,895 |
$499 |
$31,232 |
$6,644 |
$143 |
$12,624 |
| $41,483 |
67 |
2019 |
6355865 |
$41,483 |
$40,042 |
|
|
$5,808 |
$492 |
$33,765 |
$6,545 |
$138 |
$12,399 |
| $40,868 |
68 |
2020 |
6114088 |
$40,868 |
$39,313 |
|
|
$5,722 |
$485 |
$36,462 |
$6,448 |
$134 |
$12,173 |
| $40,262 |
69 |
2021 |
5859253 |
$40,262 |
$38,584 |
|
|
$5,637 |
$478 |
$39,335 |
$6,353 |
$129 |
$11,947 |
| $39,665 |
70 |
2022 |
5592012 |
$39,665 |
$37,856 |
|
|
$5,553 |
$470 |
$42,395 |
$6,258 |
$125 |
$11,722 |
| $39,077 |
71 |
2023 |
5313586 |
$39,077 |
$37,132 |
|
|
$5,471 |
$464 |
$45,656 |
$6,166 |
$121 |
$11,498 |
| $38,498 |
72 |
2024 |
5025855 |
$38,498 |
$36,413 |
|
|
$5,390 |
$457 |
$49,130 |
$6,074 |
$116 |
$11,275 |
| $37,927 |
73 |
2025 |
4731089 |
$37,927 |
$35,703 |
|
|
$5,310 |
$450 |
$52,833 |
$5,984 |
$112 |
$11,055 |
| $0 |
74 |
2026 |
4431811 |
$0 |
$0 |
<--Retire |
|
$0 |
$0 |
|
$0 |
|
$0 |
| $0 |
75 |
2027 |
4129906 |
$0 |
$0 |
|
|
$0 |
$0 |
|
$0 |
|
$0 |
| $0 |
76 |
2028 |
3826895 |
$0 |
$0 |
|
|
|
$0 |
|
$0 |
|
$0 |
Last Updated on 08/15/2005
By JHRaichyk, PhD Mathematical Decision Analyst
Email: JHR@CACM-ResearchServices.biz