Lawmakers: Time To Cap Sick Pay ‘Golden Health Care Parachutes’
Lawmakers say reforms to a state employee benefits system that includes “golden health care parachutes” for some retirees are long overdue.
Read Moreby M. D. Kittle | Aug 2, 2018
Lawmakers say reforms to a state employee benefits system that includes “golden health care parachutes” for some retirees are long overdue.
Read Moreby M. D. Kittle | Jul 30, 2018
Thanks to Wisconsin’s generous sick leave conversion system, some retirees have banked hundreds of thousands of dollars they can use to pay for post-retirement health insurance premiums in the Wisconsin Group Health Insurance Program.
Read Moreby Matt Tragesser | Jul 18, 2017
By allowing state employees to bank their unused sick leave for use in retirement, the state of Wisconsin is currently facing a $3 billion unfunded liability that’s only going to grow as employees accumulate more sick leave and lawmakers fail to take action.
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