I'm a TAMU retiree. I started at TAMU in 1990 and retired in 2018 (ORP). I met the Rule of 80, which means I have kept my insurance benefits and TAMU continues to pay the employer portion. I still pay a monthly premium, co-pays, deductible, etc.BluHorseShu said:Where in the world did you hear about the medical coverage free once you hit the rule of 80? I think that was true for employees who may have started with the university prior to 2004, but I haven't seen or heard of anything like that. Plus...even current employees pay premiums/deductibles...so its never free. I'm not saying you're wrong...I'm genuinely curious because that would be an enormous cost to the state and I would be shocked (but happy ) if its true.woodiewood1 said:Also, College Station has a higher percentage of A&M workers than non-university or non-government centered cities. Although the pay may be somewhat lower at A&M than the private sector, the total pay package may not be too much different.AG81 said:
There's much to disagree with in this analysis, as it cherry picks statistics to support a bias. That aside, I'm going to assume you just used the wrong word choice in this assertion, "The one thing that the University DOES do here is artificially depress wages. We have a constant stream of new graduates looking for jobs and many local employers are content to cycle new hires every few years to continue paying entry level wages. Texas A&M, for a large employer, has very low wages compared to market. I laugh every time I see "5 tears experience and Masters required, ....$13 per hour starting." So typical."
First, the University doesn't do ANYTHING to impact wages. And wages aren't "depressed" artificially or otherwise. It's basic supply and demand economics. There is far more labor chasing too few jobs, leading to lower wages. Both words, "artificial" and "depress" are words of action, as if it is being done deliberately. Next, employers AREN'T "content to cycle new hires every few years to continue to pay entry level wages". Again, they pay entry level wages because the labor market is over populated with prospective employees who are willing to work for entry level wages. Employers would gladly pay more to maintain business continuity and stability (I know because we own a business here) for employees who aren't graduating in 1-4 years. And, they (we) recycle employees every few years because we can't find qualified people to do the work, and students are just smarter and more dedicated among those within the available workforce (for the record, we pay WAY above entry level). Lastly, I challenge you to post a SINGLE job posting requiring "5 years experience and a Master's......$13 per hour starting". Just not true.
As for the rest of the post, yes, there is poverty in B/CS. But it's not nearly as pronounced as the data cited would indicate (presuming it's even accurate, which I doubt - meaning I doubt the validity of the data, not your recitation of it). If it were, those at the poverty level would move to cities in which opportunities are greater. You're just wrong in your premises and conclusions.
A&M pays medical and hospitalization for the employee and lower for the family than many other employers. The drug plan covers most of the cost of drugs. A&M Matches most of the TRS or Optional retirement plan's employee contribution. A&M also offers additional attractive cost AD&D, life insurance, dental insurance, eye glass partial coverage, disability insurance. Also A&M employees get both vacation time and sick leave time off and that increased with longevity. Also, there is additions to the annual salary for longevity.. Many of this benefits are offered by the private sector and in many other cities. The total value of employment is much greater than the payroll salary. And if you work your last ten years of employment with A&M, when your age+service years reach 80, you get the medical coverage free forever.