According to NJ.com, the sister site of the Advance/SILive.com, a former New Jersey fire chief will get almost $400,000 for unused time collected during years of employment.
Jersey City’s fire chief since 2018, Steven McGill, retired in February after serving for over 30 years. According to papers obtained by NJ.com through an Open Public Records Act request, McGill will get a total payout of $420,964.17 for unused sick, vacation, and compensatory time.
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The media outlet claims the checks are called “boat checks” because the retiree can use the money to buy a boat. There will be three installments totaling a little over $140,000 spread out over the period of three years as compensation.
According to NJ.com, New Jersey’s generous pension payouts to long-serving public employees are still going strong. Employees of local governments who were hired after 2010 are barred by law from receiving more than $15,000 in compensation for wasted sick days.
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McGill used 93 compensatory times off days, 24 deferred vacation days, 26 terminal leave days, and 68 sick days, as reported by the media outlet.
