Overtime pay “flows like water” at Port Authority
New York State’s top auditor said that overtime pay “flows like water” at the Port Authority of NY/NJ, according to a report this morning in The Record.
Port Authority paid $85.7 million in overtime to 5,360 of its 6,977 employees, with many doubling their base salaries and earning over $200K per year.
“Management has no clear strategy” for meeting its own cust cutting goals, The Record quotes NY State Comptroller Thomas DiNapoli as saying.
At a press conference last week Governor Christie blamed past mismanagement for Port Authority’s fiscal woes.
Port Authority’s leadership should do Governors Christie and Cuomo, as well as all residents of the region a favor and withdraw their toll and fare increase proposal. Rather, they should announce that they are embarking on a overhaul of the agency’s operations to eliminate waste and excessive spending before they seek any more money.
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Unless they have changed their policy, overtime in the last year prior to retirement, goes into calculating an employee’s retirement pension.
How much of the paid OT was to employees retiring?
Now that would be an interesting figure.