By Hillary Chabot | http://www.bostonherald.com |
Pumping up state pensions with inflated years of service and perks will be banned under a new House plan to be unveiled today as a Herald review shows the number of retirees hauling in six-figure pensions has doubled in just four years.
The sweeping reforms would close egregious loopholes such as allowing state employees to tack on an additional year of service when they’ve worked only one day of that year.
And elected officials voted out of office would no longer be allowed to double their pensions.
“We need to restore public confidence in our system,” said Rep. Jay Kaufmann (D-Lexington) who chairs a temporary Pension Committee. “There shouldn’t be special treatment for some.”
A Herald review shows some 107 state retirees - many of them former state college presidents and medical school professors - are raking in more than $100,000 - up from 57 in 2005.
Click here for the full story.