Posted on 08/01/2010 4:06:45 PM PDT by Libloather
I need a loophole.
Sounds similar to the NJ “loophole”.
—and one in South Dakota—
With unemployment as high as it is nationwide, they could only find two other applicants? Four would have been against the law for them to rehire.
I would bet they received a 100 resumes.
That is possible in several states. Florida has a version of that, at least for teachers. Many teachers were convinced several years ago to join a scheme to retire and then be rehired at, I believe, a slightly lower pay level. My wife thought about it and we decided it sounded like a scam of some sort because they didn’t have to hire you back. They just promised to. Well along came the recession and all those teachers who took “advantage” of the D.R.O.P. program got left out in the cold with retirement income that is way lower than they were getting paid as teachers years before they thought they would have to live on that and 10-15 years before SS kicks in. Now even SS is looking iffy...
I thought that this was just a New Jersey trick, but apparently wherever you find a Democrat political machine in charge and the state and local level, this system is in operation.
It sounds okay on the surface. An employee retires and the system needs another employee so why not rehire the retiree who is already trained and experienced? The way it works, though, is employees “retire” when they reach the minimum longevity to do that and the state pays extra for a long time.
PA has allowed this for years in both D and R administrations. They are called “annuitants.” I always called them “no lifers” or just greedy.
Unfortunately this is becoming very common for Federal workers.
I have heard otherwise... may not be legal, but it is being done.
Isn’t this fairly common across the local, state, federal and maybe private retirements?....
Yep. Been going on in CA as well for many years.
Florida allows this also.
Just another insider scam from those who see themselves as the Ruling Class with the Royal Right to plunder all they can.
Their attitude: “If the peons don’t like it - tough!”
Politicians and their corrupt alliance with public servants are not our friends. They both benefit from the compact that steals from the taxpayers and gives to public employees and their union goon criminal minders.
A lot of state run retirement systems are like that. In AZ the system encourages “retirement” because if you accrue too many points in the system your payout starts dropping. So people in ASRS “retire” and then take the same job they had only reclassed without benefits (so they stop earning points). Of course if the system wasn’t designed to punish longevity they wouldn’t “retire” in the first place.
BINGO!
I don't know about the government parts but it shouldn't be allowed because tax payers a footing the bill ultimatly and it's ripe for abuse.
In private companies sometimes it does happen at least at several places I've been. Most times it's because of the early retirement programs offered. Many times the companies need the people that had to be offered the early retirements (HR rules). Companies don't like to do it because it's bad for morale of those not offered the plan. IMO a company is very different than a government and as a tax payers we don't need to get hit twice for the same person.
This is common in WI. Sometimes the employee does not even miss a day of work — they come right back and continue working n the same job. I know a couple of City Engineers and a couple of Police Chiefs who are doing that right now. And they collect their accumulated sick leave too. THis limits the opportunities for new hires, and I think it stinks.
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