Public pension ‘spiking’: No one’s monitoring overtime spiking in Minnesota (Pioneer Press)

December 8, 2012 – It’s unknown how many public employees are spiking their pensions by working huge amounts of overtime. The problem is that no one is watching. And that lack of oversight means it is also unclear whether there’s any financial impact on Minnesota’s public pension funds. Some experts say it’s become a pervasive problem nationally, at least among public workers who have the ability to work overtime in their final years before retirement. “It angers those who are playing by the rules,” said Ed Siedle, a Florida-based lawyer who has been dubbed the “pension detective” for his work uncovering abuse and fraud.

Link to Full Article: http://www.twincities.com/stpaul/ci_22148781/public-pension-spiking-no-ones-monitoring-overtime-spiking

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