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What did CPS accomplish with the pension pick-up? Did they actually save money? Was this used as consideration in future contracts? Or did it devolve into something else? Let’s take a deeper dive and find out.

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J.A. Herzrent

This was a fine analysis. I think there is another aspect to it. Generally, employee contributions to defined benefit plans are made out of after-tax income. One purpose of the pick-up arrangement was to avoid that additional tax. For details see,-State-&-Local-Governments/Employer-Pick-Up-Contributions-to-Benefit-Plans