Tuesday, April 05, 2011

Overtime Hogs Cost Port Authority $18 Million A Year

The New York Post reports:
At the Port Authority, overtime is the gift that keeps on giving.

A group of top-earning PA retirees padded their lifelong six-figure pensions by working an average of $90,611 in overtime in their final year, a Post analysis of pension records from 1987 to 2010 shows.

That combined overtime for the 203 top-earning retirees costs state taxpayers $18.3 million a year.

PA officers can collect pensions up to two-thirds of their final average pay, which includes overtime. The average pay is based on the top three successive years of earnings.

Working class heroes.