The auditors recommended the state look at three options - freeze the pensions of retiree-contractors, limit contractors' pay, or scrap efforts to deter double-dipping.
The Consolidated Public Retirement Board opposes removal of the cap on post-retirement earning because it "would create an environment that would promote retirement as early as possible so that a pension and a salary could be acquired."
That, said the board, "would have a very negative effect" on the Public Employees Retirement System.
The retirement board handles benefits for 652
government bodies, only 123 of which are at the state level. The state Auditor's office will look at the practices of the multiplicity of county and local government pension plans.
Good idea. Some valuable people work after they qualify for pension benefits, but obviously the potential for abuse by the well-connected exists as well.
One other note: Some state employees can retire and
collect both pensions and health benefits when they are only 55 - a full 10 years earlier than the full retirement age for Social Security.
To look at "double-dipping" without looking at that would be to refuse to get down to brass tacks.