Double dipping hundreds of thousands of times
There are many problems for which I have no solution.
Patrick O’Donnell with Cleveland.Com writes about one of them…
Sarah Zatik retired two years ago, at the age of 53, but she never stopped working.
The Parma schools superintendent immediately was rehired into the same job. It was all pre-arranged, just a matter of paperwork.
The bookkeeping move brought Zatik a big financial benefit, despite a $15,000 cut in salary after being rehired. By retiring, she could start collecting well over $100,000 a year in retirement payments from the state in addition to her $158,000 superintendent’s pay. Thanks to a state retirement system that allows retirement at a young age, Zatik can collect both a paycheck and her retirement payments for 12 years before she hits the standard retirement age of 65.
She is a member in an exclusive club of double-dipping superintendents, who retire and return to their same jobs or rotate to other school districts.
An analysis by Ohio’s eight largest newspapers found:
One in four public school leaders in Ohio’s 614 districts bring home the bacon twice.
Part of the problem of not having a solution to this situation is I have no idea how this practice evolved into what it is now.
But this practice has never passed my smell test and never will.
This entry was posted on Wednesday, June 23rd, 2010 at 2:41 am and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
One Response to “Double dipping hundreds of thousands of times”
Leave a Reply
- « Older Entries
- Newer Entries »
June 24th, 2010 at 8:24 am
Yeah, up in Rhinelander this went down, with the former city attorney/administrator retiring and then being re-hired part time as the city attorney… seems to me the solution is on the retirement plan’s end, perhaps the state retirement system should have a rule reducing retirement benefits by some percentage of employment income if the employment income comes from a state retirement system participating employer.
That would be my solution, anyhow.