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#1
05-06-2013, 12:10 PM
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Cost to taxpayers for a scholar
An honorable member of the Coffee Shop Has Just Posted the Following:
Education - 4 years Fees in a top university - $250k Stipends/Salary ($5k/mth for 13 months per year), books, accommodation, flights - $500k First 2 years of career Salary - 10k per month (With bonus, 16 months per year) = $320k Pension liability = ???? Next 3 years of career Salary - 20k per month (With bonus, 18 months per year) = $1.08 million Pension liability = ???? Next 5 years of career Salary - 40k per month (With bonus, 20 months per year) = $4 million Until retirement at 65 (35 years) Salary - $60k per month (With bonus, 22 months per year) = $46.2 million Pension liability = ????? Pension payment until death (assume age 88) 60k per month (50 percent of salary) =$16.5 million Total cost to taxpayers = $68,850,000. Does the scholar deliver this value to sinkapore? Note: If the scholar becomes a minister, compensation and pension go up much more. Click here to view the whole thread at www.sammyboy.com. 
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