Saturday, March 19, 2011

Golden Parachute

From the Miami Herald:

As George Burgess leaves Miami-Dade County government after more than 28 years, the former county manager is taking more than memories.

Burgess — who resigned within hours of Mayor Carlos Alvarez’s resounding defeat in a recall election Tuesday — will be paid severance of one year of base salary, $326,340, plus deferred compensation of $22,000.

The 52-year-old career bureaucrat and his family will get medical and dental coverage until he’s 65 years old, under a county “Departure Incentive Program’’ that is available to select employees.

Unused sick time of about $79,892 and accumulated vacation pay of about $78,777 will be included in his next paycheck, according to the county human resources director Mary Lou Rizzo.

During the one-year severance period — which runs March 21, 2011, to March 18, 2012 — he will also get an expense allowance of $3,000 a month and a car allowance of $600 a month. Burgess opted to return the car the county leased on his behalf, but he’s still entitled to the car allowance.

And he will get an annual sum of $10,000 in executive benefits, paid out biweekly over the coming year. For 2012, he’s entitled to one final $8,000 payment to cover the premiums on a life insurance policy and a disability policy; he’s already gotten that annual payment for 2011, said Rizzo.

That should take the sting and the stigma out of being unemployed.