Walt Packard
That’s the total that McHenry County College came up with for the cost of benefits paid former MCC President Walt Packard after he was forced from his position on Feb. 26, 2009.
Included are
- $253,838 in salary
- $21,672 in accrued vacation pay
- $42,377 for State University Retirement System pension payments
- $12,000 paid into a deferred annuity
- $41,282 in health insurance premiums
- $252 for life insurance premiums
Some might call most of this a “golden parachute.”
That picture says it all. I really stuck it to you suckers.
Did you know that factors like your age, gender, and marital status will impact your buyout from GM in their lump sum pension buyout plan?
Understanding the factors involved and the impact they have on your options are crucial to making the right choice for your family. The best way to ensure you make an educated choice is to consult with a qualified financial planner.
The offices of LJPR, LLC out of Troy Michigan are experienced in helping retirees navigate pension buyout options.
They have put together an online video to help GM retirees understand this decision process, which you can watch by clicking http://youtu.be/32ZRne7AoTQ.
There are less than two weeks remaining before the decision deadline of July 20, 2012.
Schedule your appointment with a financial planner today.
Reading this is like watching a late night TV commercial.
“But wait, there’s more!”
And lest we foreget there was even more than that.
http://mchenrycountyblog.com/2009/04/30/mchenry-county-college-board-giving-walt-packard-and-sick-wife-get-health-insurance-for-3-12-years