Rushing for the Exits: Public Employees Take Retirement Over Retrenchment

[marmar]

from In These Times:




Rushing for the Exits: Public Employees Take Retirement Over Retrenchment

Monday
August 16
5:00 pm

By Richard Greenwald


As the economy continues to stumble and state budgets (most many months late) have been slashed to the bone, state workers have rushed to the exits and taken early retirement or just plain retired while they could still lock in critical benefits. The message they seem to be sending to younger workers is get out while the gettin's good.

States have always looked at retirements as a win/win financially. Form a balance sheet perspective, early retirement removes higher paid workers and replaces them with both fewer and less paid workers, as not all retired workers are replaced one-for-one. Moreover, these new workers come in with lower benefit packages. In the end, the state reduces its payroll and gets more efficiencies as fewer workers do more with less. But what's lost might be greater than the short-term economic gains.

In New Jersey alone, almost 15,000 state workers put in their retirement papers at the end of last month, estimates are that it might reach 19,000 by year's end. Police and fire departments are seeing as much as 38% of their workers retire this year alone. Teachers are also leaving in droves, as 5,435 retired last month (twice as many as in previous years).

All these retirements mean that experienced public servants are leaving, jumping for the door really. We are losing some of the best teachers, police officers and fire fighters (just to name a few) across the nation and these careers seem less secure and valued as a result. With public employment under siege and devalued by its portrayal as a drain on the economy, how can we recruit and value the servants we need? We are indeed in a crisis, and not just in education.

When President John F. Kennedy asked the nation to "ask not what your country can do for you, but what you can do for your country," he inspired a generation to public service. Many folks went into education, police and fire departments driven by the desire to help their communities and make the world better. Most sacrificed time and treasure (because we know that government work for most is not highly paid) for something larger. Through their unions they gained security and stability setting examples for future generations for long-term careers in public service. Now, as they push their way to the door what kind of ethos for public service is left?


http://www.inthesetimes.com/working/entry/6344/rushing_for_the_exits_public_employees_take_retirement_over_retrenchme/

[NC_Nurse]

1. This is only the beginning. There is a huge wave of nursing retirements coming

too. In the public and private sector. These old Repubs are gonna be pissed when they get a nurse whose brand new and they can't understand them (imported RN's from other countries, mainly Phillipines are being hired. I'm sure it helps depress wages).

I'm sure there's going to be a lot more tears and whining from the Glenn Becks of the world when they can't get a passport within a few months or a CNA at home when they get frail. Unfortunately, the rest of us will have to pay for their shortsightedness too.