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Projected State Aid Cuts
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MCC Projected Budget Deficits
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Early Retirement Costs
Early Retirement Costs 2002 2010 Percent Change
Incentive Payment $353,259 $747,548 112%
Retiree Insurance Benefit $476,124 $1,147,656 141%
Net Early Retiree Premium Pay $825,925 $1,287,879 56%
Total $1,655,308 $3,183,083 92%
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Projected Retirement Liability
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Current Employer Costs 2002 2010 Percent Change
Medical $3,272,234 $6,538,615 100%
PSRS/PEERS $3,816,605 $6,404,279 68%
Other* $4,623,775 $5,393,419 17%
Total $11,712,614 $18,336,313 57%
Fringe Benefit Increases
2002 Operating ExpenseEmployee Compensation Package = 74.5% of Operating Budget
2010 Operating ExpenseEmployee Compensation Package = 78.6% of Operating Budget