Collective bargaining at work has concluded. We've signed a three year contract, so now I know what my income will be through 2012.
Nothing to write home about!
In order to keep my 19 year old daughter insured, I'll be paying an additional $45 a month through May, 2011 (when she turns 21 and can no longer be covered under my plan).
I'll get an immediate $1000 annual raise.
Do the math--$1000 minus $540 for insurance equals an astounding $460. Divided over 24 paychecks, I can look forward to an additional $19 per pay period.
Hmm--guess I won't be spending it all in one place!
For 2011 and 2012, my pay will stay the same but I'll get an extra $800 as a lump sum.
That is probably better than the extra $19 a paycheck.
I'm at the top of our pay scale--that's what I get for staying in this field for 38 years and this employer for the past 20 years.
However, I DO have a secure job and I DO make in excess of $75,000 a year.
Nothing to sneeze at in these tough economic times.