Saxon to get hefty retirement package

Don Saxon, who agreed to step down as the chief of the beleaguered Office of Financial Regulation Tuesday morning before being ousted by the Florida Cabinet, faces a sweet retirement package.

While Saxon hasn't officially given his notice to the Florida Retirement System yet, he announced in a press release he plans to retire when he leaves Sept. 30. He will be eligible to collect from his participation in Deferred Retirement Option Program a lump sum payout of $198,675. He will also collect a monthly benefit starting in October of $5,140.62 monthly or $61,600 a year. Saxon worked 33 years in state government.

Saxon, 57, currently makes $133,157 a year.

Comments

[republican for obama]

any CONSERVATIVE voting in NOV:

DONT FORGET :

BUSH EXPANDED GOVT BY MORE THAN ANY PRESIDENT !!

AND SPENT MORE MONEY THEN ANY PRESIDENT COMBINED!!!'

AND MCCSAME PROMISES MORE

Unless he is found to be criminally negligent in his duties...

good? these numbers aren't very big...wonder why it's buzz worthy.

[republican for obama]

OH AND Vets:

thanks for your service and check out Mcsame's track record fro your benefits:
U.S. Senate Roll Call Votes 109th Congress - 2nd Session

Vote Summary

Question: On the Amendment (Akaka Amdt. No. 3642 as Amended )
Vote Number: 98 Vote Date: April 26, 2006, 05:55 PM
Required For Majority: 1/2 Vote Result: Amendment Agreed to
Amendment Number: S.Amdt. 3642 to H.R. 4939
Statement of Purpose: To provide an additional $430,000,000 for the Department of Veteran Affairs for Medical Services for outpatient care and treatment for veterans.

MCSHAME and only 13 other senetors: NO

Question: On the Amendment (Akaka Amdt. No. 3007 )
Vote Number: 41 Vote Date: March 14, 2006, 04:22 PM
Required For Majority: 1/2 Vote Result: Amendment Rejected
Amendment Number: S.Amdt. 3007 to S.Con.Res. 83
Statement of Purpose: To increase Veterans medical services funding by $1.5 billion in FY 2007 to be paid for by closing corporate tax loopholes.

MCSHAME votes NO!
oh and then there is this:

Sen. John McCain (R-Ariz.) is the only presidential candidate in Congress to have missed a major vote on the Iraq war this year,

[Buzzard]

Somebody has a bug up their b-tt on this story. $61K a year is very reasonable. One must assume he hasn't been doing a crappy job for 33 years. If you want to do a story about cushy, undeserved payoffs, I think you could do better than this.

[Curtiss]

Geez, with a "retirement" salary like that - I'd quit too!

Glad to know Saxon really "cares" about Floridians. I'll remember this as I'm paying my property taxes, and the kids are knocking at the door looking for a donation towards keeping their schools open.

Schmucks .... Vote Democratic!

Hey, moron for obama: what does any of your crap have to do with Don Saxon's retirement?

[morons love Bush]

3:06
ABOUT GOVT SPENDING

BUSH SPENT THE MOST OF ANY PRESIDENT HOWZ THAT FOR A CONSERVATIVE??

3:16 except 23 out of the 33 years he was working was under the democrats (which is when the rules were established)

Out of 8 previous comments, half are actually on the topic. Do you guys get paid by the word for your postings?

Now out of 9 previous comments, half are actually on the topic.

[Blogies for McCain]

Hey 3:22, I'm posting to get McCain blogola points for boffo John McCain swag.

Twenty more posts about how John McCain loves oil, apple pie and Americanness, and I get a hat!

This is what happens when politicians run government. Don has done a great job throughout the years - great but quiet. Those giant egos on the cabinet are only looking to climb over dead bodies to get to their next elected office. Don's head on the chopping block makes about as much sense as blaming realtors for the subprime fiasco.

Don is the fall guy. I'm glad he's getting a decent retirement package.

4:29 you are right on

[Alex]

The only reason this seems high is that other jobs no longer have pensions. Half of your previous salary used to be the norm in America. Instead, big business has pushed the idea of "personal responsibility" and "free trade" down our throats. The result? Most of us will never see a retirement even remotely resembling the one Mr. Saxon will have.