Sunday, September 26, 2010

A free retirement

Sept. 26, 2010, Mansfield News Journal

SPECIAL REPORT BY JESSICA ALAIMO
CentralOhio.com

Some see it as a little known perk for public employees that's a growing burden for cash-strapped Ohio governments and schools.

Others, including public employee unions, say they're saving taxpayers money while shortchanging their own retirements.

The same can't be said for a select group of school officials – and a few school unions – that have negotiated deals that give them lucrative pensions without paying a penny for them.

Welcome to the world of Ohio's public pension plans, where confusing terms like “pick-ups” and “pickup-on-the-pickup” have nothing to do with trucks and more to do with decisions that can lead to free retirements.

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