Salary ‘spiking’ drains public pension funds, analysis finds


via Salary 'spiking' drains public pension funds, analysis finds – latimes.com.

“Such “salary spiking” was banned in 1993 by CalPERS, the state’s largest public employee retirement system, to help control spiraling costs. But 20 of California’s 58 counties — including Los Angeles, Ventura, Orange and San Diego — do not participate in CalPERS and their employees may legally continue to spike their salaries.”

Let the light shine on where our tax payer dollars go.

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