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how does the accounting work out for the driver's health care and retirement pension? a typical California city must contribute quite a significant sum so that
by HillaryBriss 10y ago
how does the accounting work out for the driver's health care and retirement pension?
a typical California city must contribute quite a significant sum so that the bus driver can retire at, say, 70% of their highest salary level. (e.g. over the past year, about 20% of Los Angeles's budget went to paying for the retirement of past employees.)
how does Germany do it?
- kuschku 10y agoThe employer pays 9% of the monthly wage directly into the federal pension insurance, 7% directly into the federal health insurance. Roughly 1.5% into unemployment insurance The rest is handled by the employee. Pensions are paid by the employees pension insurance, and the federal pension insurance, not by the employer.
- germanier 10y agoNote that this is different for certain kinds of civil servants (so-called Beamte). A rule-of-thumb for a typical public entity is that about 10% of the budget go to health and pensions of those public servants (but the exact number varies substantially between different entities), with rising numbers. There was a distant time where some bus drivers were also appointed Beamte but that practice was done away decades ago, so there are only very few such drivers left.