Sick bank turns benefit into cold cash

Mar 25 2011

By Tim McLaughlin, Boston Business Journal

Michael Widmer, president of the Massachusetts Taxpayers Foundation, said these benefits - banking unused vacation and sick time - can no longer be taken for granted because they’re no longer affordable. “It’s just one more liability the state can’t afford,” Widmer said. “... There is a real tension, maybe even a collision coming between the old ways of doing business and the assumptions that these kinds of benefits must endure forever. In the end, the fiscal realities will prevail.”
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