To: Angelino97
I don’t know about these particular cases, but it is a well established trick to do this in the last year before retirement to spike the pension at stratospheric levels. This requires the collusion of supervisors, but since they are all in on the scam, collusion is routine. The federal formula is one percent of an employee’s high three. In Cali, unless it’s been changed recently, it’s based on the highest single year of service, and iirc, it’s higher than one percent.
14 posted on
04/22/2024 1:45:26 PM PDT by
sphinx
To: sphinx
If I was there I be looking for a job.
To: sphinx
I don’t know about these particular cases, but it is a well established trick to do this in the last year before retirement to spike the pension at stratospheric levels. This requires the collusion of supervisors, but since they are all in on the scam, collusion is routine. The federal formula is one percent of an employee’s high three.
Which is a stupid way to do it. Should be highest three of base salary only. OT should have no effect on pension!
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