U of M Retirement Payments Dwarf Private-Sector Plans [Michigan Capitol Confidential]

U of M Retirement Payments Dwarf Private-Sector Plans [Michigan Capitol Confidential]
"The University of Michigan contributed $217.9 million to its employees’ retirement plans in 2010.
The school’s retirement plan matches up to 10 percent of employee pay.
U-M’s retirement payments have increased 21 percent (unadjusted for inflation) since 2006, when it handed out $180 million in retirement contributions.

The university contributes 10 percent if employees put in 5 percent of their pay.
If an employee makes no contribution, U of M still puts in 5 percent if the employee is 35 or older with at least two years of service.

....“You are asking taxpayers to pay for these benefits,” Hohman said.
“Those (private-sector) taxpayers are not getting 10 percent retirement benefits.”"

Another bastion of the left that sucks the future from our children.
Attend Uof M, graduate with hundreds of thousands of student loan debt, pay for retired "overworked" U M retirees.

It's for the children...yeah right.....