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Tyler Summit hired as HS ass’t coach to his wife
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[QUOTE="TheFarmFan, post: 3115904, member: 9403"] Yeah ok, that's bad, but if you read the Deadspin comments, what's insane is that he is the non-spousal benefits recipient for Pat's pension, which means he gets a lifetime annual income of close to $200k [B]for doing nothing[/B]. [URL='https://www.knoxnews.com/story/sports/college/university-of-tennessee/womens-basketball/2017/06/21/pat-summitt-son-tyler-summitt-living-other-life-after-mothers-death-his-resignation/414447001/']Here[/URL] are the details: [I] “Summitt seems most comfortable presently with managing his mother’s estate. The work augments his MBA studies and addresses his desire to be “a good steward” of his inheritance. Summitt was designated to be a non-spouse beneficiary of his mother’s state pension. When Pat Summitt retired, she opted to collect a monthly benefit of $14,460 or $173,520 annually in 2012. That benefit, with an annual cost-of-living adjustment, will be collected by her son for the rest of his life.” Pat Summitt could have opted instead to collect $21,141 per month, or $253,632 annually, without choosing a beneficiary, and the payments would have ended upon her death."[/I] That is [I]insane[/I]. [B]Insane[/B]. No wonder our state and local governments are headed to fiscal ruin. No wonder UT can't afford to go after Jeff Walz. SMH. [/QUOTE]
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