Skip to comments.Retiring Cleveland schools workers paid nearly $5 million severance
Posted on 05/09/2011 1:58:39 PM PDT by Nachum
Cleveland, OH - The Cleveland Municipal School District, scratching for every penny, could use the nearly $5 million paid to employees who have retired since last summer. Records show that 269 employees cashed in that amount of accumulated vacation and sick leave since the fiscal year started July 1. Topping the list are two administrators who each collected about $83,000, one after working in the system for four years. Nearly 70 percent of the employees picked up at least $10,000 in what the district calls severance; more than 40 percent received $20,000 or more.
(Excerpt) Read more at blog.cleveland.com ...
whoever agreed to that deal needs to be investigated.
Yes, contracts must be honored. Now they need resolve not to sign on to any more foolish contracts.
It’s for the children.
Contracts DO NOT have to be honored. Just ask the GM bondholders. F**k the teachers.
I guess the big deal here is that private industry does not allow this practice.
Working as an executive for one of the largest US conglomerate's, with prior approval I was allow to carry over one week of unused vacation. Use it or lose it!
We received x number of sick days a year. Use it or lose it!
We did receive severance payments if the company let you go, two weeks notice, then one week for every year of service, at your current pay rate, and as you rose in the executive ranks the severance maxed out at 52 weeks of pay -excluding any carried over one week of vacation.
No sweetheart deals, no counting overtime in final pay, no extra nothin’!
Public employees benefit from corrupt politics; untrained and ineffective management; the need to offer non-union employees similar benefits that were given away to union employees:
(so that teachers would not strike on September 1 - the contract date negotiated to inflict as much damage to the new school year - so that parents would not need to find child care as school was deferred.)
There is no need for public employees unions. If the employees don't like their situation, walk with your feet!
That’s what happens when you don’t take your vacation. I have seen people work and work and work so they can have the money at the end. Some folks even come to work sick. Don’t worry folks. All these doom and gloom stories are only for the Boomers who are retiring NOW. The X’er’s have to take their vacation within a certain time or lose it for good. Boomers certainly made their lives beautiful that is for sure.
What’s the big deal? The country is broke. People in the private sector scratch and claw for tiny raises, and people working for the government get sweetheart deals like this.
"Former Cleveland schools CEO Eugene Sanders, center, was in line to receive the largest retirement payout but fell to fourth when the district deducted for expenses it says should not have been paid on his behalf while he was CEO. Sanders, whose contract did not permit him to collect for sick time, put in for 100.5 vacation days worth $110,000; he received $59,000."
Between your language and saying contracts don’t have to be honored, I can tell you have a lot of character.