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DOUBLE DIPPERS

By JAABLOG

 Power is twice as nice with two paychecksST. PETERSBURG TIMESDouble dipping rises despite outrage "Until the law was changed, members of the Florida Retirement System who signed up for DROP were required to leave the state payroll at the end of five years or forfeit the lump-sum benefit. Lawmakers wrote the loophole into the law in 2001 to help a fellow legislator who, on top of his legislative salary, wanted to collect his lump-sum retirement benefit and his school board pension. Sponsors say they never intended to extend the practice to allow elected officials to "retire'' and return to the same jobs collecting both a pension and a salary. But lawmakers trying to fix the loophole have run into problems because many fellow lawmakers are among the double- and triple-dippers...continue to full post

Full post as published by JAABlog on December 28, 2008 (boomark / email).