Some California state workers are hoarding vacation days to get $400,000 cash payouts at retirement

state employees were paid a total of $300 million for unused vacation days when they retired last year, reported the LA Times.Many of California's public employees receive aMore than 450 California state employees retired with six-figure bonuses last year when they cashed out unused vacation time, the Los Angeles Times' Melody GutierrezCalifornia cut checks worth a total of nearly $300 million to retiring employees in 2018, a Times analysis of state payroll data found.

The state formally caps total vacation balance at 640 hours, but little enforcement of the rules and an increase in the number of retirees has led to a 60% leap in the number of six-figure payouts since 2012, Gutierrez reported. A prison surgeon in California walked away with the biggest payout — $456,002 before taxes — last year, while a government transportation engineer received about $405,000, which was boosted by a 4% raise he received the year before he retired, according to the Times. The payout was more than two times his annual salary.

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California state workers hoarding vacation days, creating $3.5-billion debt for taxpayersMore and more state workers are able to retire with massive payouts for unused vacation and other leave. That could become a budget breaker for California as an aging workforce heads into retirement. Yay socialism!! Have they no accrual accounting, then? These people earned it!
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