There’s also the policy in many public union shops where an employee can accumulate sick days. Say, they work 15 years and have only taken a couple of days off sick. When they retire, they get paid for all those unused sick days at their current rate. How many private employers off such a plan???
I get up to 7 sick days a year (which is pretty good). If I don’t use them all, they don’t roll over. I lose them. That’s the way most private businesses operate. That’s the way public employers should also operate!
I also receive 4 weeks (20 days) paid vacation each year (after 18-years of employment). I can roll over five unused vacation days per year. If at the end of the year I still have 8 days of vacation days left, I lose three. I can’t roll them over, year after year, and accumulate 10, 20, 30 weeks of unused vacation days and get paid for those days at my current rate.
Their retirement will be based on that bloated last year wage! It often will double their retirement, all at the ripe old age of 50-55.
Their are teachers in Michigan that retire at 55 with $80, 000.00 a year plus paid insurance for life.
They do have to put in grueling 6 1/2 hr days 180 days a year though.
I know guys who have accumulated 240+ “sick days” that they will cash in at retirement.