Sunday, September 5, 2010

Comptroller offers tips on how to game the pension system

From the NY Post:

A red-faced state Comptroller Tom DiNapoli -- who has been warning against rising pension costs -- yesterday removed from his Web site information about how state workers can game the pension system.

Until yesterday, a section on the comptroller's official Web site titled "Life Changes: How Do I . . . Prepare to Retire?" had provided state workers a veritable primer on pension padding.

Under the heading "Ways to Increase Your Pension," it encouraged workers to squirrel away sick time and cash in vacation days before retirement

One jaw-dropping section, titled "Increasing Your Final Average Salary (FAS) -- A Raise is Not the Only Way," appeared to actually encourage the practice of overtime spiking, in which veteran workers pile on extra hours to pad retirement checks.
State Comptroller Tom DiNapoli’s official Web site had featured a list of retirement tips that essentially read like a guide to pension padding, including a section that appeared to encourage the questionable practice of overtime spiking.

"Once you are informed, you will be able to determine if you can increase your pension by adding to your service credit, reducing loan balances or increasing your final average salary," it reads.

The "Message from Comptroller Thomas P. DiNapoli" put the Democratic comptroller at odds with Attorney General Andrew Cuomo, the party standard-bearer, who has made reining in pension abuse -- overtime spiking, in particular -- a theme of his gubernatorial campaign.

9 comments:

Anonymous said...

read :"LIBERTY OR TYRANNY," by MARK LEVIN

STATISM is live and well....Is not democratic dictatorship grand?

Anonymous said...

Is not all dictatorship grand? Or is it only when the guys you don't like are in charge?

Sarah said...

We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.—That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed,—That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness. Prudence, indeed, will dictate that Governments long established should not be changed for light and transient causes; and accordingly all experience hath shewn, that mankind are more disposed to suffer, while evils are sufferable, than to right themselves by abolishing the forms to which they are accustomed. But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security.

Anonymous said...

Now, as always, those are beautiful and meaningful words, Sarah.

Suzannah B. Troy artist said...

http://www.youtube.com/watch?v=lo8G6ClkP48
check out my new tube.
King Mike who polices emails at his private and public empire does not want to hand over 63 emails to Haggerty! Check the text portion of the tube for links.

faster340 said...

There was a news article recently that some couple took their honeymoon on their accumulated sick time and got in big trouble when they came back... I can't remember it though...

Anonymous said...

What's wrong with taking full legal advantage of your benefits? Would you rather public servants abuse their sick time and not do the work they're getting paid to do? Or show up everyday and do their jobs?

Anonymous said...

RE: NOT DOING THE WORK THEY ARE GETTING PAID TO DO.......

14 days ago i reported construction at a residence in Queens without posted permits.
when i followed up on the complaint ,i was told the D.O.B has 40 days to respond ?

what is going on. i thought the new D.O.B.enforcer was
reported to be vigilant for the decent and lawful homeowners?

Anonymous said...

This is information that is already known to 99% of employees.......