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Massachusetts Teachers Benefit from Sick-Time Buybacks at Retirement.

By Douglas Belkin, The Boston Globe Knight Ridder/Tribune Business News

Apr. 25--David Moorehouse retired last year from his job as an assistant principal at Lowell High School and plans to split his time between his home in Shrewsbury and his second home in Santa Fe. It's a lifestyle that will be made all the more comfortable for the 59-year-old with the $64,518 going away present he received from the taxpayers of Lowell.

The check was cut as part of a sick-time buyback program. Though nearly unheard of in the private sector, it is typical for schoolt

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