Pension bill loophole enables more spiking !
Original post made by Anti-union on Aug 31, 2012
Daniel Borenstein had another of his pension articles on the front
page of this morning's Valley Times.
The loophole doesn't alter CalPERS, but does affect 20 counties with their own pension systems, such as ALAMEDA and ContraCosta who build up retirements by several hundred thousands with unused vacation and sick leaves.
Late Thursday, some lawmakers said they would work to correct the error. We'll see if they do.
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By Tom Cushing | 27 comments | 959 views