The Washington Times - June 3, 2009, 09:18AM

Spain’s second-largest bank is looking to cut costs by offernig its workers five years’ paid vacation, the Financial Times is reporting.

BBVA is offering employees 30 percent of their salaries plus benefits if they pursue “personal or professional projects” for the next five years. The bank also is guaranteeing staffers’ jobs when they return to work.

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I think this idea of paying people not to work is based on careful observations of many government agencies.

If you think the five-year vacation is excessive, this bank also is known for its three-day lunch breaks.

I hope this trend of saving money by paying people not to work catches on. ┬áBecause there’s a lot of work I could not do if I were paid enough.

How do you return to work after a five-year vacation?  Probably something like this:

“Hey, Bob. How was vacation?”

“Well, the first 18 months were kinda slow, but then things picked up in Year 3, and it’s been pretty much a blur since then.”

“So, what did you do?”

“Everything. … Twice.”