D
Drew
18 Aug 2012 01:35
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As corps and government can be given seperate salaries the descrepetency can be large. So if your average salary for LLW is higher than the % of social security of the LLW is the difference compensated?
Example: government salary LLW-15k (250), average salary LLW-30k, with a social security at 80% (fake #'s). Then Social Security pays out um 30*.8=24k. Do government workers recieve 9k dollars to subsidize that income, or does it allow unemployed people to make more then them?
The reason for this question is rooted in me not paying attention for a long time to this. Now I have a country with around 170 for Social Security score. Which is inpractical, I'm sure it drives welfare to some extent. But as the index got so large if Social Security doesn't compensate underpaid workers then it could be worth it to keep the high score, but if it compensates then the savings would be immense by dropping it.
Related Question that only employees can probably answer the pension fund pays 10% of the average LLW's for LLW's. If the underpaid are compensated then do they pay 10% of their base pay or the sum of their benefits? Also from how it appears even if LLW's make as much as Doctors they would still only pay 10%. Is this accurate? If it is accurate then is it safe to assume that their investment in IF, spending by the population, education income, and health income mirror this? If they do only pay a % to each of these institutions then what do they do with the remainder of their money that is overpaid? Depending on the answer, does money disapear?
Example: government salary LLW-15k (250), average salary LLW-30k, with a social security at 80% (fake #'s). Then Social Security pays out um 30*.8=24k. Do government workers recieve 9k dollars to subsidize that income, or does it allow unemployed people to make more then them?
The reason for this question is rooted in me not paying attention for a long time to this. Now I have a country with around 170 for Social Security score. Which is inpractical, I'm sure it drives welfare to some extent. But as the index got so large if Social Security doesn't compensate underpaid workers then it could be worth it to keep the high score, but if it compensates then the savings would be immense by dropping it.
Related Question that only employees can probably answer the pension fund pays 10% of the average LLW's for LLW's. If the underpaid are compensated then do they pay 10% of their base pay or the sum of their benefits? Also from how it appears even if LLW's make as much as Doctors they would still only pay 10%. Is this accurate? If it is accurate then is it safe to assume that their investment in IF, spending by the population, education income, and health income mirror this? If they do only pay a % to each of these institutions then what do they do with the remainder of their money that is overpaid? Depending on the answer, does money disapear?