Public workers' time-buying costs states – USATODAY.com
Dan Pellissier, a former adviser to California's previous governor, Republican Arnold Schwarzenegger, paid $75,000 in 2004 for five years of work credit.
When he turns 55 in 2015, he will get a California pension of $61,536 a year — nearly $13,000 more than if he hadn't bought air time.
That's $320,000 extra by the time he is 80.
"They give away the store here," says Pellissier, now president of California Pension Reform, which is pushing to cut state retirement costs.
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