US - California lawmakers approved two bills to prevent government employees from increasing the amount of their pensions by padding their pay before retirement.
The measures prohibit state and municipal employees from pushing up their final-year salary before retirement by cashing out vacation time or administrative leave or through an end-of- career bonus...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
