State workers still pulling vacation payout scam

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California's elected officials believe that increasing frustration at public employee compensation packages is nothing more than "envy," as state Treasurer Bill Lockyer puts it. But a report by the Los Angeles Daily News spotlights yet another public employee scam that should have any taxpayer angry.

As the Daily News reported: "An analysis of the last three years of government salary data shows state employees are continuing to store up massive banks of vacation ... . They're cashing in by retiring with whopping final paychecks worth, in some cases, more than $500,000 in unused time off."

This has turned into a large unfunded liability for the state. As the Daily News reported, most private employers put caps on vacation accumulation or force employees to take the time off. In the public sector, few restraints exist -- and as previous reports show, public employees often violate the limitations. Plus public employee tend to get far more time off than those in the private sector and they bank the time so they can retire with huge payouts.

More than envy is at work for those taxpayers who are angry at these and other scams.

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