Tuesday, December 13, 2005

Michigan pays 83 as workers and retirees

The Detriot Free Press reports on a group of very special government workers:
Eighty-three state government retirees who are collecting pensions also are banking paychecks from the state -- some at higher salaries than when they retired.

That money is on top of retirement checks ranging from $35 to nearly $5,000 a month, according to state records obtained by the Free Press.

At least 16 earn more than $100,000 a year between their retirement and regular pay. Two collect more than $158,000.

About half pay into a second, 401(k)-style retirement plan with contributions from the state -- up to 7% of an employee's salary. A few are part-time.

Paying employees state salaries while they collect pensions is a legal quirk in a government system that coaxed thousands of workers into early retirement under then-Gov. John Engler in 2002 to trim the workforce, and then decided to hire some back.
Just a quirk.I'll bet you don't get this deal if you work in the private sector.