Opinion: EID employee pay to again far outstrip inflation
Social security recipient benefits for 2014 are set to increase a record low 1.5 percent: http://news.yahoo.com/social-security-raise-among-lowest-years-122713809.html
In comparison, on Tuesday October 15th in the EID boardroom, EID Management’s proposed 2014 operating budget will include per employee average compensation totaling $130,300. Included is a 7.7 percent jump in budgeted salaries (over projected actual 2013 salaries) and $50,000 of per employee benefits.
In 2013, EID employee pay is surging nearly four times inflation, with employee salaries increasing 6 percent while social security benefits increased 1.7 percent.
How can EID’s current board keep a straight face when they insist EID spending “has been cut to the bone” and that they adhere to the last five words of EID’s mission statement, “in a fiscally responsible manner”?
Greg Prada, Candidate for EID Board of Directors