No. of Recommendations: 10
<<In NYC, the scam used to be - during the last year when pension was computed on last years 'earnings', many about to retire workers would have others work extra hours for them, logging in as them, and get paid off the books some cash for doing when the guy retired, magically he'd have a couple thousand hours of overtime, plus of course, extra overtime for more than 60 hours a week..... making double or triple his 'regular' paycheck.....and the pension was computed based on that... often winding up being more than he was making 'working'.

In some places, employees can "contribute" hours they have worked to other employees. The original idea behind this was to allow employees to contribute hours worked to an injured or disabled fellow employee.

Now this allows employees to bulk up the hours worked in a final year of employment upon which pensions are based (another abuse).

With this kind of coordinated abuse, pensions aren't limited by the number of hours in a year if an employee is popular and can get others to "contribute" hours worked.


Seattle Pioneer
Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.