Reddin retires with the most lavish retirement benefit ever awarded

[twirkin50]

Real nice.........:wow



Near-million dollar payout comes as county reviews benefits

When he left the office in October as a 63-year-old deputy DA, Reddin retired with the most lavish retirement benefit ever awarded a county employee. Reddin collected a lump-sum "backdrop" payment of $976,499. He also gets monthly retirement checks of $6,070, or nearly $73,000 a year.

His wife, Mary, also retired from the county in October. A manager of the county's court information system, Mary Reddin got a $68,385 backdrop plus $2,263 a month, or about $27,000 a year.

Grand total for the Wauwatosa couple: $1.04 million upfront, plus $99,990 a year for life. The payments come up for review today by the county Pension Board.


http://www.jsonline.com/news/milwaukee/36273934.html

[That_Guy]

i need to get a gov't job

[-stew-]

Whats your point? The guy did his job, (well from what I hear), is retiring and he is collecting his benefit. He has not done anything illegal.

[TransAm12sec]

I think the controversy is how tax dollars are spent. The last sentence adds some fuel to the fire.

"The controversial and costly benefit was approved in late 2000 and early 2001 as part of an overall wage and benefit package that enraged the public and ultimately led to the demise of the careers of 11 county officials, including then-County Executive F. Thomas Ament. Officials initially said the benefit would cost nothing or very little because by choosing a backdrop the monthly pension check declines."

[twirkin50]

^^ My point exactly ^^

[Al]

How did he manage to get that kind of backdrop payment?

[shoooo32]

This isn't a garbage collector- He's a DA and is owed this money as a part of his pension. A million dollars isn't much when you think about what he could have made with a private practice.

[-stew-]

This isn't a garbage collector- He's a DA and is owed this money as a part of his pension. A million dollars isn't much when you think about what he could have made with a private practice.


EXACTLY!!!! If you want the best employees, you have to compensate them; well. This applies to any business as well as a municipality.


And for the record: Garbage collectors get paid very well.