Panel Bashes Vrs Bonus ; Ex-Director's Pay 'Excessive,' Watchdog Says
The Washington Times › July 12, 2005
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Summary
The watchdog commission that oversees Virginia agencies found yesterday that the state's public employee pension system improperly paid a secret exit bonus of $263,122 to its former director.
The Joint Legislative Audit and Review Commission (JLARC) released a report showing that the Virginia Retirement System (VRS) should not have paid W. Forrest Matthews Jr. the "excessive" bonus when he retired in April after less than three years on the job.See the full content of this document
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Panel Bashes Vrs Bonus ; Ex-Director's Pay 'Excessive,' Watchdog Says
The commission also recommended that the bonus - which equals two years' pay - either be approved legally at a public meeting or be rescinded.
"We conc...See the full content of this document
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