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Except, that is, for the fact that the plan "strengthens the current program with changes such as income-relating drug benefit premiums to ensure long-term sustainability".
It also saved about $20 million in its 2011-12 bydget by reducing the district's share of employees' health benefit premiums by about 25 percent.
To determine total compensation for the presidents, the report totals base compensation with bonuses (including incentive pay) and other pay, like deferred compensation, health benefit premiums, housing and personal services.
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The benefit premium for working full-time is q c =.50.
First, there is a higher maximum benefit Ē c ∗ = ( 1 + p c ) E c ∗, where p c ≥ 0 is the benefit premium for two-earner households.
Table 6 presents the PP of wives, the HCR and the PGR resulting from our sensitivity analysis on the benefit premium for two-earner households.
The benefit premium for two-earner households is p c =0 in the standard EITC schedule and p c =1 in the new EITC schedule.
The benefit premium for two-earner households is p c =0 in the standard WTC schedule and p c =1 in the new WTC schedule.
In both schemes, the trade-off between incentive and redistributive effects depends crucially on the size of new benefit premium for two-earner households.
The other two elements are instead fixed to W 2 c ∗ = p c W 1 c ∗ and W 3 c ∗ = q c W 1 c ∗, where p c ≥ 0 is the benefit premium for two-earner households, and q c ≥ 0 is the benefit premium for working full-time.
The two EITC schedules differ only in the size of the benefit premium for two-earner households, which is fixed to p c =0 in the standard schedule and p c =1 in the new schedule.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com