Wednesday, June 12, 2013

Ex-Ficano aide, 41, to get $96k pension

WXYZ News: Ex-Ficano aide, 41, to get $96k pension:
"Matt Schenk isn't your average retiree.
He's 41, works full-time and collects $196,000 a year at the Detroit Water and Sewerage Department.

But as soon as next month, he'll start collecting an estimated $96,000 annual pension, courtesy of an early retirement incentive offered to Wayne County appointees.
 It had no age restriction.

Before moving to the water department, Schenk was Robert Ficano's former chief of staff.
He admits he doesn't need the cash, and said he wanted to wait another five years before drawing his lucrative pension.

But last month, he says, the retirement board notified him that he needed to enroll now or lose out on the benefit."

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