SEMINOLE COUNTY, Fla. -- Seminole State College's president already gets a $230,000 per year salary with many perks. But Eyewitness News found out she's retiring next month, so she can dip into a six-figure retirement, then she'll be back on the job in January.

The latest double-dipping is costing taxpayers during this recession. The numbers add up quickly.

New buildings like the Altamonte campus prove the school is spending big to accommodate a 50 percent enrollment jump in the past three years. But it's the cost of the school president that's getting the most attention.

The freshly constructed Partnership Center stands as the new crown jewel of Seminole State College's Sanford campus. The school says the $30 million building is evidence of the growth and success the college has had under President Ann McGee; a president who is retiring to rake in a big pension payout, only to return one month later.

“I mean she really has no reason to, besides to get paid more money which I think is a little greedy,” Seminole State College student Stephen Siciliano said.

Beginning December 1, McGee’s front row parking space will sit empty for a full month, which is her retirement period.

That retirement will allow McGee to access a $390,000 pension payout under the state's controversial Drop Program.

But just one month later, on January 1, the school's board has already agreed to bring McGee back into her same post where she'll again be paid with taxpayer money.

“This is a real problem and taxpayers are paying for it,” Michael Walzak of Countywatch said.

Walzak calls the Drop Program a loophole lawmakers refuse to close. Supporters say it helps retain experienced employees who might otherwise retire for good.

Across Florida thousands of state employees do the same thing, but usually on a smaller scale.

“We have budgets from everything, local, county, state, that are hurt. And we have all these people taking advantage and getting two salaries,” Walzak said.

Because McGee made this decision before a pending change in the law she only has to be retired one month and her board doesn't have to advertise the position for other applicants. When she returns to Seminole State College, she will begin working toward a second retirement benefit.