State pensions are inflated as workers boost salaries

Susan Schulman
The Buffalo News
June 28, 2010

• A d v e r t i s e m e n t

Cashing in unused sick time and vacation days at the end of his career pumped up former Niagara Falls School Superintendent Carmen A. Granto Jr.’s annual pension beyond what he had made in his annual paycheck.

Granto is getting a $147,109 annual state pension in retirement.

He was making $129,000 a year when he retired in 2009.

How’d he do it?

The same way others before him did.

Granto cashed in 45 unused vacation days and 747 accumulated sick days during the final years of his career, boosting his salary to over $200,000 in the two years he worked before retiring.

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This article was posted: Monday, June 28, 2010 at 9:21 am

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