Riding that vacation pay gravy train
February 7, 2011
Interesting figures recently released showing public employees cashing in big on vacation pay and other benefits. [San Francisco Chronicle]
Case in point: San Francisco.
Former Police Chief Heather Fong – who retired in 2009 – received a grand total of $528,595 in her final year. The goodbye check included her final year base pay of $187,875, plus $303,653 for unused vacation, sick and comp time, plus $37,067 in other pay.
Now that she’s gone, she’s pulling down an annual pension of $229,500 for life.
Former Deputy Chief Charles Keohane, who exited in 2009, received $516,118 in his final year – $325,503 from accrued vacation, sick time and premium pay.
Another retiree, Commander Morris Tabak, clocked out with $425,558 – $173,703 in unused sick, comp and vacation time.
Of course, both Keohane and Tabak get six-figure annual pensions as well.
“We have no discretion on vacation payouts. They are mandatory under state law,” said San Francisco human resources spokesperson Jennifer Johnson.
Meanwhile, former BART Commander Travis Gibson earned $355,000 in his final year on the job by selling back his unused sick, comp and vacation time. That’s twice what the governor of California makes a year.
These especially golden handshakes, experts say, are perfectly legal.