Best pension story of the week: Tribune’s on the sickening abuse of spiking
By: Mark Glennon*
No conscience, no sense of shame encumbers many workers still intent on soaking our already insolvent public pensions. “Soon-to-be retirees can effectively double or triple the value of end-of-career payouts, using them to spike the pension formula in ways that can, at times, get them an extra $10,000 or more a year in retirement checks, almost entirely funded by taxpayers.” And they don’t hesitate to do just that.
Where is the conscience of Illinois as a whole, to let this go on and on and on?
*Mark Glennon is founder of WirePoints. Opinions expressed are his own.