Public Pension Rip Off: Will It Hurt You?
"The Wall Street Journal ran a great article yesterday on what I would consider a major problem for public pensions, and it’s called spiking.
Spiking occurs when a public employee substantially increases his or her pay in the year or two prior to retirement for the purpose of locking in a higher pension payment.
If you’re a public employee, particularly a younger employee, this practice may jeopardize the security of your pension.
How does spiking work?"
Read it all.... and call and write your congressman and newspaper.
This is nothing more than a criminal enterprise to steal from us taxpayers!
"The Wall Street Journal ran a great article yesterday on what I would consider a major problem for public pensions, and it’s called spiking.
Spiking occurs when a public employee substantially increases his or her pay in the year or two prior to retirement for the purpose of locking in a higher pension payment.
If you’re a public employee, particularly a younger employee, this practice may jeopardize the security of your pension.
How does spiking work?"
Read it all.... and call and write your congressman and newspaper.
This is nothing more than a criminal enterprise to steal from us taxpayers!
No comments:
Post a Comment