Friday, June 04, 2010
I Don't Believe Its Coming
My advice for anyone waiting for a retirement incentive is not to hold their breathe. My unscientific instinct tells me Bloomberg and Klein believe, by announcing a zero percent raise, there will be no financial reason for old timers like me to stay on and we will leave now, freeing up the city from paying our enormous, fat cat salaries.
Well, I can't speak for others but I can speak for myself. As much as I am not ready to leave, the incentive would have forced my hand. Losing three years credit would just be plain stupid and, while I am not the sharpest knife in the drawer, I am not stupid. Staying on doesn't get me anything extra, but staying isn't costing me anything. I can keep feeding my weak self esteem another year without the guilt of the money I am giving up.
If you are ready to go, do it, but don't get your hopes up about Bloomberg giving us some big bonus to leave. Those things only go to the big fat cats in private industry.