Workers' Lump Sum Retirement Payouts Hobble States

Dec. 14 (Bloomberg) -- More than 111,000 government employees working for the 12 most populous U.S. states collected $711 million last year in unused vacation hours and leave time they accrued, according to payroll data obtained by Bloomberg News. Since 2005, more than 1,390 full-time California state workers collected lump sum checks that were greater than their annual base pay, data compiled by Bloomberg show. Just those workers alone were paid $141 million, at an average of $101,274. Bloomberg's Michael Marois reports. (Source: Bloomberg)
Greece Points The Finger At Creditors
48:19 - European Central Bank’s Governing Council meets in Frankfurt to discuss emergency funding for Greek lenders, while Greece blamed its creditors for the failure to end the impasse over its fiscal crisis. Bloomberg’s Vassilis Karamanis and Paul Gordon expanded on the story with Manus Cranny on “Countdown”.
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