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Saturday, February 25, 2012

Looting the Public Pension system while criticising government- Republican Style

Perry’s On-the-Job Retirement Lifts Pension Perk From Shadows - NYTimes.com: "Politicians’ pension records are private, so it is unknown how many are taking advantage of the provision. But any state representative, senator or nonjudicial state elected official who meets the age and service requirements is entitled to some benefit under the law, at wildly varying amounts depending on the official’s highest average state salary and individual circumstances, Employees Retirement System officials say.

Mr. Perry invoked the provision last year, disclosing in December that he had increased his take-home pay by more than $90,000 a year through his on-the-job retirement. He also makes $150,000 a year as governor.

His decision provided the first opportunity for a public, in-depth look at a retirement perk that was quietly enhanced and slipped into the law."

'via Blog this'

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