Pension Spiking Costs Taxpayers Millions Now The Push Is On To Stop It
Ever since he was a state representative, Joey Manahan said he has been concerned about the cost to Hawaii taxpayers of overtime in general and its potential effect on retirement pensions in particular.
But a recent critical audit of a Honolulu trash collection service was the last straw for Manahan, who was elected to the City Council in 2012 and is now chairman of its Budget Committee.
Manahan has proposed a resolution that urges the council to “take steps to eliminate overtime abuse and pension spiking.” He calls for the city to “address any management complicity with such abuse.”
And he also proposes that the council ask the Legislature to pass a law that would completely halt the practice of considering overtime pay when determining pension amounts for all employees.
Read more: http://www.civilbeat.org/2017/09/pension-spiking-costs-taxpayers-millions-now-the-push-is-on-to-stop-it/