Retiring With Benefits
Item: 5 Coeur d'Alene city departments heads to retire with medical benefits/Tom Hasslinger, Press
More Info: The five Coeur d'Alene department heads who accepted separation incentive agreements with the city of Coeur d'Alene will receive three years of medical coverage after they leave, according to terms of the deal obtained this week by The Press. In addition, they'll receive between $22,000 and $26,000 contributed into each of their Health Reimbursement Accounts - a retirement medical expense account for public sector employees regulated by the Internal Revenue Service.The department heads combine for 138 years of experience and are all in the top 16 wage earners for the city.
Question: Is this a good deal for the city of Coeur d'Alene?