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California Hands Retired Employees Checks in Excess of $400,000 + Pensions

• Martin Armstrong-Armstrong Economics

In the case of governments, they simply bestow upon themselves benefits that are bankrupting their governments. California's government has been allowing employees to accumulate paid sick leave to the point they are being handed checks in excess of $400,000 for paid sick leave they never took. More than 450 state workers took home six-figure checks when they left their jobs last year in 2018. The record was one check for $456,002. He is by no means the only person to exceed $400k. Add to the fact that these people have NEVER contributed to their guaranteed pension and it is not hard to imagine that this house of cards is rapidly collapsing.

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