Worth of Benefits

Subject: Worth of Benefits
From: Daniel Wise <dewise -at- IX -dot- NETCOM -dot- COM>
Date: Sun, 16 Feb 1997 15:22:29 -0600


In the digest for Feb. 13-14, Mike Uhl tells us to "do the atrithmetic." He
asks "How much are those benefits worth?"

Mike, in my case they were worth 48% of my annual base salary, which was in
the middle five-figures. That is a considerable sum. Now that I have
accepted an early retirement package from my employer, they are still worth
over $400 a month just in medical insurance. And I am also collecting that
pension I worked 21 years to get.

Yes, if you can command $40 - $50 an hour AND stay employed virtually full
time, you probably come out ahead. But remember that the $40 per hour
equates to something in the range of $25 an hour as an in-house staff member
with benefits.

Dan Wise
dewise -at- ix -dot- netcom -dot- com

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