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Principal

What’s Up with that 21%?

Posted on June 24, 2019November 17, 2020 by Ed King

This week’s article is inspired by a question that came up during the Bicameral Working Group on the PFD hearing a few days ago. It centers on a portion of the PFD calculation. Here’s the gist: Under the current law, the sum of the earnings over the last five years is multiplied by 21% in[…]

Posted in Educational Tagged 21%, earnings, ERA, PFD, PFD Formula, POMV, Principal 2 Comments

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Current Economic Numbers (as of May 25, 2020)

Unemployment rate: 13.7%

Employed: 288,767 (-31,933)

Unemployed: 45,980 (+26,027)

Total Wages: $21.8 billion

GDP: $55.8 billion

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