Monday, December 12, 2011
During pension and retirement crisis, state legislators pad their pension pockets
USA Today has recently reported on the continued abuse by states of the pension system, and it has a chart of pensions paid to former state legislators, with a chart, at this URL.
Curiously, some smaller states don’t pay pensions to legislators, and California stopped pensions for legislators elected after 1990.
But many states give their legislators perks that other state workers don’t get.
Of course, it’s all too easy for legislators to pad themselves and get away with it, even in times when the country faces a retirement, pension and social security crisis. It’s not clear from the chart what effect the pensions have (if any) on social security benefits.