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California Public Employee's Lump Sum $609,000 Check Shows True Retirement Cost
Bloomberg Link to more items from this source
Dec. 14, 2012
"More than 111,000 employees who left jobs as employees of the 12 most populous U.S. states collected $711 million last year for unused vacation and other paid time off ... California employees accounted for 39 percent of that total.... The lump-sum retirement payments, seldom granted in private industry, mirror a broader trend in which California's public employees receive far more than comparable workers elsewhere in almost all job and wage categories, from public safety to health care, base salary to overtime."

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