No, these are annuals.
Back around 2008, they had some chief of security retire at at campus in San Fran....at the time, I think she was making around $220k a year. So, the campus had a chance to hire a full-up replacement but refused to do so. The number two filled in and did the job for roughly 12-to-18 months, then he reached retirement and left....collecting his $150k a year pension.
The University then did this odd thing....they brought back the former chief (the first person) and re-hired her. Salary got bumped up to around $260k and here’s the kicker. By state law....she didn’t have to halt her pension checks. So she was collecting $150k a year on the pension and the regular job pay as well.
There is a bubble growing here and sooner or later, it will crash. Might take ten years....maybe twenty, but it’ll reach a stage where a kid requires $60,000 a year to attend a state university and the money just isn’t there.
Yeah, I can see that happening. So glad our kid managed to get a BS out of the UC system in three years. That was a couple of years ago, and I suspect the annual costs have already spiked since.
“There is a bubble growing here and sooner or later, it will crash. Might take ten years....maybe twenty, but it’ll reach a stage where a kid requires $60,000 a year to attend a state university and the money just isn’t there.”
I don’t know where you live in CA, but here in Contra Costa County, the pay for firefighters has gone through the roof. The “average ff” makes upwards of $250k, virtually doubing his/her base pay with OT. The ONLY county “employeees” who make more money than the ff’s are the doctors at the county hospital and you can’t pronounce one of their names! And the ff’s “shop for the house” at the most expensive market in town. They “eat till they’re sleepy, then sleep till their hungry!”
And sadly, I am a graduate of UC Berkeley. But I just threw their “alumni dun letter” in the trash. It was a shit hole when I went there in the 1960’s and it’s gotten worse.