Monday, March 26, 2012

Special incentives on top of retirement deal made pensions even sweeter for top Ficano aides

Special incentives on top of retirement deal made pensions even sweeter for top Ficano aides | Detroit Free Press | freep.com
Less than two months after cutting union workers' pay by 20%, Wayne County Executive Robert Ficano offered retirement incentives to about 200 appointees last year estimated to cost the county's cash-strapped pension fund as much as $44.6 million.
And for a small group of insiders -- all in their early 40s -- the offer was even better. Three of Ficano's closest and highest-paid aides at the time -- Azzam Elder, Turkia Awada Mullin and Matthew Schenk -- had special deals that made their pensions even sweeter. And like the other appointees, all would get lifetime medical insurance.
The three had letters promising to boost their retirements by including generous severance payments into their final pension calculation.
Schenk acknowledged that provision "looks bad,"

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