Monday, December 27, 2010

Oldest postal retirees get most costly of payouts

The Washington Times reports:
More than 100 U.S. Postal Service employees over 90 years old are collecting workers compensation - a fact one U.S. senator calls troubling, arguing that workers ought to be moved to retirement rolls from which payouts would be less expensive.

Under the federal workers compensation system, employees get up to 75 percent of their salaries tax free, compared with under 60 percent they would receive under the retirement system.
What a business model!