Looking On the Bright Side

[kyyote]

UTEP does have a whole lot of extra money that they wouldn't have had to spend on a new coach or two.   Sean Kugler resigned so his salary would be stopped being paid.  I'm sure that UTEP paid Mike Price to fill in, but a substitute teacher doesn't make nearly as much as the regular teacher.  Not only that, but I would expect that Kugler, Price and Floyd are all members of the Texas Retirement System, and as such Price's pension would be set up to allow him to fill in.  It gets complicated because Texas educators pay into TRS INSTEAD of Social Security.  Anyway, Floyd's and most of Kugler's salaries were not paid even though they were budgeted.  So, there should be an extra million, maybe million and a half dollars of salaries and benefits saved and in the bank.

I am getting into the weeds pretty deep here, but K. C. Keeler is a member of the TRS, I believe, and if that is true, the fact that he would be staying within the system may be a factor to consider for all parties concerned.  As would be his coaches if he or they decided to come along...

read more here;
http://www.kyyotesden.com/looking-on-the-bright-side/

[Minermojo]

Yep, that TRS does suck in a way because teachers (unless they worked outside the system) don't get a cent of SS. My wife worked her way through college and as a teacher and counselor she wouldn't have gotten a penny. Fortunately, her outside work helped her get a little...very little. Hey, at least it's something, better than nothing.

[Austintacious]

School districts can opt out of paying social security.  Theoretically, other investment strategies take its place.  Don't know all the details of the opt outs.  I have a neighbor who didn't qualify for social security because her school district employer opted out and she didn't have enough years of paying SS in other jobs.