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by Twistyfiasco
25 days ago
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At least in my union defined benefit pension it specifically excludes overtime since that obviously is ripe for abuse. It's just your basic calculation: average of your best 5 years of salary at 2% per year of service. Is that not the case for police unions in the states? |
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“If your last few years before you retire, you work 300, 400 hours of overtime and bump up your pay by $40,000, that all goes into the salary that your pension is based on,” said Ana Champeny, director of city studies at New York’s Citizens Budget Commission."
So yeah, it seems like a bad idea to be able to scam the pension system like that.