17 August 2009

For a Few Dollars More

A Legislative audit estimates that state government has reaped more than $1 million from interest in the last decade by holding back scheduled annual pay increases for its workers by one month, The Associated Press reports.

"Every year, state employees get paid $60 for every year they’ve worked for West Virginia. By law, that lump sum is to be paid on July 1," AP's Tom Breen explains. "Going back more than 20 years, though, the state has made the so-called 'annual increment' payment on July 30."

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