time to re-examine city buyout policies?

The editor of the Vindicator has started a new blog. One of the first subjects he tackles: the mechanism by which a retiree can tap into the system.

"He just left a $93,132 per year job to tap into a $60,000 annual pension. He was incentivized with $65,626 to go into retirement. And he was just awarded $54,246 for unused sick time and other accumulated time over his three decades on the job.

In case you're not scoring at home, that's $273,004 over two-year window as a public employee."

There may be a larger issue here, that being the ability of city workers to come back into the system after retirement, possibly making the city's finances weaker in the long run.

Maybe someone needs to look into this more.