I've been with the township almost 28 years now, I get 25 vacation days, 3 personal days, and 15 sick days per year, and the 13 Holidays.
At retirement the township will buy back a % of time that we have accumulated in unused sick time. A co-worker of mine that retired last May walked out with about $14,000 in unused sick time, he had been with the township 40 years. A nice little nest egg if you ask me!!!
I know what you mean aobut the Government jobs. I have two siblings that work for the University in Madison. At retirement, they can use their unpaid sick time to buy health insurance into retirement. Plus, their pension starts at 55 I think.
My pension is awful. The company puts in 11.5% but that doesn't go right to me. I figured out my return on the investment and it was like 2 or 3%. We have a Defined Benefit Plan and it rewards older workers, not the ones who stay long.
If I take two of our employees, one at age 25 and one at 55, both making the same amount of money and staying 5 years (we have portability), the 55 year old's return on our deposits is like 30% per year. The 25 year old's is actually a negative return.