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NonVoting Taxpayer · 12-09-2006, 11:40 AM

First of all you must remember these employees had contracts with their employers. Sometimes it cost money to hire competent employees. Where none of us probably sat in on the negotiations of these contracts we can't tell if these employees would have gone elsewhere if the leave buy back provisions prior to retirement were not offered. Some will say who cares they could have gone elsewhere, but others would argue you need competent people in certain high profile positions to make the town or city run. The budgets of some of these places are high enough that you now need to run them as a corporation. The days of the most popular elected officials running your town of city are pretty much over.
You also need to remember the salaries of these employees probably were a lot less than the private sector for the many years they served in the public sector. State and municipal employees don't receive the end of the year bonus or stock options that are offered in the private sector. Sometimes it is worth making less at the beginning to get more at the end. The nest egg usually is not in the bank when they retire compared to private sector employees.
Not sure about New Hampshire, but any bonus given prior to retirement usually is not computed in the calculation to figure one's retirement figures. They usually are not considered regular compensation therefore; they are excluded from the calculation. They are what they are, called a bonus.
I agree that some of the numbers stated previously seem a little excessive but there was a contract negotiated by the employer with the employee to justify them. If you think they are excessive, you need to vote out the elected official who negotiated them.

12-09-2006, 11:40 AM	#5
NonVoting Taxpayer Senior Member Join Date: Apr 2004 Posts: 98 Thanks: 3 Thanked 24 Times in 10 Posts	MY 2 Cents First of all you must remember these employees had contracts with their employers. Sometimes it cost money to hire competent employees. Where none of us probably sat in on the negotiations of these contracts we can't tell if these employees would have gone elsewhere if the leave buy back provisions prior to retirement were not offered. Some will say who cares they could have gone elsewhere, but others would argue you need competent people in certain high profile positions to make the town or city run. The budgets of some of these places are high enough that you now need to run them as a corporation. The days of the most popular elected officials running your town of city are pretty much over. You also need to remember the salaries of these employees probably were a lot less than the private sector for the many years they served in the public sector. State and municipal employees don't receive the end of the year bonus or stock options that are offered in the private sector. Sometimes it is worth making less at the beginning to get more at the end. The nest egg usually is not in the bank when they retire compared to private sector employees. Not sure about New Hampshire, but any bonus given prior to retirement usually is not computed in the calculation to figure one's retirement figures. They usually are not considered regular compensation therefore; they are excluded from the calculation. They are what they are, called a bonus. I agree that some of the numbers stated previously seem a little excessive but there was a contract negotiated by the employer with the employee to justify them. If you think they are excessive, you need to vote out the elected official who negotiated them.