Daily News | Why SEPTA has to pay $450,000 in salary to an executive it terminated in 2021
Turns out leaving a SEPTA job can be just as lucrative as working there — at least when you’re at the top.
SEPTA spokesperson Andrew Busch confirmed that Lund, who has moved to the Pacific Northwest, will continue being paid until June 30, after which he will become eligible for pension benefits. By then he will have collected a total of nearly $450,000 in salary and severance payments since SEPTA terminated his employment.Busch explained that SEPTA eliminated Lund’s position in a COVID-era reorganization about a year into a three-year employment contract he and the agency signed in January 2020.
, president of the Transit Workers Union Local 234, which represents about 5,000 SEPTA employees, said he wasn’t surprised by Lund’s deal. Asked if it was a problem to continue paying employees who no longer work at the agency, Ellis said “buying out” execs was a common business practice.
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