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Dont you first responders have any faith in us looking after your well being? The general public is constantly getting shafted by the government putting you guys on the chopping block first knowing we wont strike at the leviathan if it uses you as a shield. If this turns out to hurt you while putting the rest of the government in check what makes you think we wont vote in whats necessary to keep you square? You have to realize we dont see first responders as the same as the rest of the government. We will vote for you. Push your unions to get somerhing on the ballot that helps YOU while allowing us to trim the fat everywhere else and we will damn sure vote for it. We juat cant keep going down this path.
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Not really, like I mentioned earlier this is politicians willing to do anything to make a name for themselves.
The pension spiking is such a joke. Here is the example...an employee needs a minimum amount of sick leave to sell back to "pension spike"
The minimum credit for accrued sick leave is about 17% aka the employee wants to spike 1000 hours of sick leave. He will only be paid for about 170 hours which are then pensionable. The remaining 830 would be lost and completely unpaid for.
If they reach the maximum, they can get credit for around 40%. I think the max is around 2500 hours or never using a sick day for 15 years so they would still only get credit for 1000 hours. Here 1500 hours of sick leave would be lost.
By ending "pension spiking" as they did earlier this year, they changed the sick and vacation leave to a use it or lose it scenario.
Not surprisingly this leave is now being used at not only a 100% cost to the city but also the cost to backfill the position.
Like the term "dark money" the term "pension spiking" sounds bad and gets people riled up when in actuality it saved money.
Either way this bill goes I wouldn't be surprised if "pension spiking" was reintroduced by the same politicians with a new name like "delayed savings plan."