Thursday, May 08, 2014

Happening in every government. Even where you live-------Double-Dip Waste

Double-Dip Waste | MyGovCost | Government Cost Calculator:
Taxpayers prone to wonder why government is so wasteful should take a hard look at government-employee pensions in general and the practice of double-dipping in particular. 
As this report notes, Bill Carnahan, head of the Southern California Public Power Authority, took both his full-time salary and his pension at the same time, and he did so for more than a decade.
.....Pensions are actually for retirement. Nobody should be able to work full time and draw their full salary and pension at the same time. 
CalPERS is right to want the money back, but since it took more than a decade to expose the double-dipping, accountability and transparency are obviously lacking. Likewise, pensions are not a means to bulk up an already fat compensation package. 
.....To reduce the cost of government, legislators need to make pension reform a top priority. Double-dipping should be one of their primary targets.

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