Monday, May 18, 2009

Life in "Progress" City

From the city of Cincinnati, who hasn't had a republican run the city since Adam wore a fig leaf....

Cincinnati’s pension fund supervisor and an employee face discipline for the latest in a string of problems with the department, including that the city paid benefits for five years – to a dead person.

Keith Giles, supervisor of pension plans and a 28-year employee who earned $98,000 last year, remains on paid leave until an administrative hearing Wednesday. So does Norma Haywood, who reported to him. Neither could be reached Monday.

They allegedly violated rules regarding personal loans from their pension contributions and have been on paid leave – their union contract requires that pay continue, city officials said – since late January.

The $1.83 billion Cincinnati Retirement System, which has been in the news lately for losing $854 million last year, allows contributors to take out loans of up to $50,000 of their contributions and pay them back for up to five years. There also are limits to the number of loans.

Kind of nice to screw up and get paid time off.

More....

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