What kind of an investment guarantees that if you plunk down $100,000, you will recover almost all of your money in just two years, and then receive nearly $50,000 a year after that?
For the brief 25 months she put in as city managing director, Camille Barnett could take advantage of such a lucrative retirement deal courtesy of long-suffering Philadelphia taxpayers.
While she won't be here long enough to vest in the city pension system by her June 30 departure, Barnett is eligible to buy into the retirement plan by virtue of her public service in other top government posts in Austin, Texas, and Washington, D.C.
If Barnett makes a payment of more than $100,000, she could collect a pension of $49,880 a year, according to Finance Director Rob Dubow. That's a sweetheart deal.