Spiking is wrong
08/26/2014 11:08 AM
08/27/2014 11:45 AM
Re "CalPERS is right on pension changes," (Another View, Aug. 26): The article by Warren Furutani claiming that CalPERS made the right decision about allowing temporary out-of-classification assignment pay to be counted toward retirement benefits ignores its use for pension spiking.
It certainly has been used by management for the purpose of increasing the pensions of its fellow management members. This has been reported in the news, and I have witnessed it at my place of employment. As a CalPERS member, I object to this. It takes increased contributions from the average employee to pay for the unamortized, unearned pensions of management's favored few.
While Furutani argues for keeping this for the average employee, neither he nor CalPERS address the pension spiking by management. Simply removing the temporary assignment pay from retirement benefits consideration within the last three years before retirement would be one way to help reduce this problem.
-- Bill Jurkovich, Citrus Heights
Editor's Choice Videos
Join the Discussion
The Sacramento Bee is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere on the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.