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)
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51:10 - March 5 -- Bloomberg's Olivia Sterns highlights photos that illustrate top stories from around the world. She speaks on “Bloomberg Surveillance.”
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