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former provost pay documents released by n.c. state trustees

Published June 7, 2009
Views: 109

The North Carolina State University's Board of Trustees called an emergency meeting Sunday evening to decide to release information to the media about former provost Larry Nielsen's pay deal. The compensation package is much larger than the university previously reported.

 

 

hmmm according to the article on main page he is gonna get his 300k untill 2012. past reports says he will be teaching only 1 class? hmmmmmmmmmmmmmm

Filed under: Schools




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This is outrageous to pay someone like this and then reduce the average school teachers pay by hundreds. This morning my wife told me to tighten up cause her paycheck is $297. Lighter. Instead of having a small allotments taken out monthly, this covers her till December this year. And Nielsen gets three hundred plus.

When the stink fades maybe we'll find out who leaked the info and why.

Get rid of all the Government subsidies. That will reduce the available money and reduce the demand. Costs will come down. whatelseisnew

But we can't do that, government subsidies are the way of 'The One'. You must be endebted to 'him', or else ye may stray. We must make everyone dependant upon government to provide for us.

"Why do I get the feeling that this and the budget crisis smell more and more like the beginnings of the French Revolution? Methinks les miserables will rise up and nail the aristocrats pretty soon..." I suggest you read a little about the French revolution and the terror it unleashed and if that doesn't put you off try the Russian one or the worst of all the one in China......

SFYankee - "Do you hear the people sing?" from Les Miz

http://www.youtube.com/watch?v=1VR1bOha40U

FE

Thanks FE for the correction on the vesting issue. As for retirement, this is the equivalent of the golden parachutes in the corporate world. Now that the light of day is shining on these arrangements, I cannot imagine that they will survive intact. These are public dollars, they must play us for fools.

Why do I get the feeling that this and the budget crisis smell more and more like the beginnings of the French Revolution? Methinks les miserables will rise up and nail the aristocrats pretty soon...

Imagine state rank-and-file workers and the university peons in the streets for real.....

I smell tar and feathers......and it ain't pretty......

As nasty as this is, the real reason that college costs are out of control are two-fold. Very heavy demand. Too much easily available money. The schools have absolutely no reason to provide their service at a reasonable cost. Get rid of all the Government subsidies. That will reduce the available money and reduce the demand. Costs will come down.

jackadoo - Although I don't know, I would speculate Mary Easley is/was already vested in the state (not NCSU) retirement system as a result of her years with the District Attorney's office in the Wilmington area. She may also have added to that while doing some "teaching" at NC Central several years ago. That information should be in the public domain.

But you are correct that the AMOUNT of retirement benefits received is based upon the highest consecutive pay period (don't recall if it is 48 or 60 months) and the multiplier is actual years of service. There is little doubt in my mind that the mess going on at State to show some very well compensated years was done for that exact purpose.

FE

Head shed folks obfuscating? Say it ain't true, Andy!!

Goo--lly and shazam.

Time for those folks to git....

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