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http://www.aei-ideas.org/2013/06/great-moments-in-government...

Matt Schenk, the 41-year-old chief operating officer of the Detroit Water and Sewerage Department, receives a salary of $194,000 per year as a city employee. The Detroit News is reporting that he recently filed paperwork to apply for a pension that would pay him $96,000 per year for life, based on a controversial early retirement package he's eligible for from his previous job as the top aide to Wayne County Executive Robert Ficano.

According to the Detroit News, "The deal would cost the beleaguered system more than $3.5 million over its lifetime, should Schenk live into his 70s. Most county retirees must wait until they're at least 55 to retire, but the special deal will allow Schenk to collect nearly $1 million in pension payments by the time he reaches that age."
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