THURSDAY, JUNE 5, 2008
Washington City Paper The buyout is an "incredible deal," says
Joseph Elbert, former Post photography department chief.
Erik Wemple reports Elbert walks away with these incentives: about $280,000 in a lump-sum payment; retirement benefits that kick in immediately and cover about 35% of his salary in his top-five consecutive earning years; 401(k) benefits; $4,000 a year until he reaches 65 (for health insurance); and another $4,000 in something called an "annual cash pension supplement." Elbert says: "You know, I should be irresponsible -- I should go on a spending spree." ||
PLUS: More WP financials.
Posted at 10:08:54 AM
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