end of the work payments
2022-Jun-18, Saturday 12:40 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
mellowtiggerWhen filing the unemployment paperwork, they asked how many hours of accumulated Paid Time Off (PTO) and Sick Leave that I would be paid. That's weird. I thought I would only be paid PTO, not Sick Leave. I checked online today, and my last payment reached the bank yesterday. It's an amount roughly what I expected for my PTO balance.
Of course, gambling rules always benefit the house. I should've been recording Sick Leave hours for my dentist/doctor trips instead of PTO, I guess. That's 281 hours of benefits that I'll never get.
It reminds me a lot of the Social Security (SS) situation in the USA. Each working generation is taxed to help pay minimal supports to the elder generation. There is no accumulated "bank account" of what you personally paid in, which you access later. Inflation would destroy the value of any such method. That's why it's always an immediate flow of money from today's workers to today's non-workers. I've known since 1988 from demographic statistics that the kids born that year who would eventually pay my SS benefits would be shortchanged by low wages. Simultaneously the rich are exempted from covering the difference due to a cap on their SS taxes paid, so they pay a lower percentage than everyone else. Together that shortfall means my generation will suffer a loss of benefits that previous generations enjoyed. (Oh, and those workers are now being killed and disabled by a global pandemic, further eroding this social safety net.)
Anyway... that's the last of the income I expect. Luckily, I confirmed that my cost-cutting is also working. Very few non-essential costs hit my bank account this month. I've probably got about a year of savings on hand. No need to worry at the moment, so that's good.
So I went checking online, and Minnesota law doesn't require even that much.
"Minnesota does not require employers to pay employees for accrued PTO, sick or vacation time when they leave their job."
- https://dli.mn.gov/sick-leave
- https://dli.mn.gov/sick-leave
Of course, gambling rules always benefit the house. I should've been recording Sick Leave hours for my dentist/doctor trips instead of PTO, I guess. That's 281 hours of benefits that I'll never get.
It reminds me a lot of the Social Security (SS) situation in the USA. Each working generation is taxed to help pay minimal supports to the elder generation. There is no accumulated "bank account" of what you personally paid in, which you access later. Inflation would destroy the value of any such method. That's why it's always an immediate flow of money from today's workers to today's non-workers. I've known since 1988 from demographic statistics that the kids born that year who would eventually pay my SS benefits would be shortchanged by low wages. Simultaneously the rich are exempted from covering the difference due to a cap on their SS taxes paid, so they pay a lower percentage than everyone else. Together that shortfall means my generation will suffer a loss of benefits that previous generations enjoyed. (Oh, and those workers are now being killed and disabled by a global pandemic, further eroding this social safety net.)
Anyway... that's the last of the income I expect. Luckily, I confirmed that my cost-cutting is also working. Very few non-essential costs hit my bank account this month. I've probably got about a year of savings on hand. No need to worry at the moment, so that's good.
no subject
Date: 2022-Jun-21, Tuesday 04:27 pm (UTC)no subject
Date: 2022-Jun-21, Tuesday 05:20 pm (UTC)I'm not looking for a new job at this time, but LinkedIn keeps sending me job ads. "Kimble Group" does too; they must have gotten my email thru LinkedIn as I never signed up with them. But many of the ads say "remote", so it sure looks like there are quite a lot of remote jobs out there, you just need to find some that fit what you're looking for.