While rank-and-file state workers in Massachusetts find themselves vilified and their meager pensions under the microscope, one University of Massachusetts Medical School official may be eligible for a pension payout of almost $1,000 a day!
As WCVB-TV 5 reported, Thomas D. Manning, deputy chancellor of Commonwealth Medicine, will qualify for the state's highest pension when he retires on June 30--a grand total of $346,800 per year, or nearly $1,000 a day. Meanwhile, the average state worker retires with a pension in the mid-$20,000 range, and faces ever higher costs for medical care.
"“It’s just appalling. They’ve put a small number of individuals in a position to really exploit the system. And frankly at the expense of people who do most of the actual work and get treated shabbily,” said Kevin Preston, state director for NAGE, a member of Working Massachusetts.
We agree. The average public workers spend their lives working for the public good and paying a huge portion of their own retirement costs, only to see public pensions blamed for all of our economic problems. In Massachusetts, a worker who spends all his/her working life in the Commonwealth's employment doesn't qualify for Social Security, either--the only retirement funds available will be through the public pension system. Isn't it time we did more to take care of the regular working people who took care of us, and turned a more critical eye towards the few who reap such disproportionate rewards?
You can read more about the story and see Ch. 5's report here.