Saturday, February 28, 2015

Greedy scum!!----'If It's Not Illegal, It Should Be'

'If It's Not Illegal, It Should Be' [Michigan Capitol Confidential]:
"...“sweetheart” deal between the Lansing School District and the president of the state’s largest teachers union.
The district has for several years allowed Michigan Education Association President Steve Cook to be considered a “school employee.” 
This lets Cook remain a member of the public school pension system, despite the fact that he actually works full time for a private organization.
Moreover, Cook is accruing pension benefits based on his $201,613 union salary, setting him up for a much higher post-retirement payout from the underfunded system. This is commonly known as “pension spiking.”
“It’s absolutely inappropriate,” said Jones. “It should not be happening.”
Jones said the public school employee retirement system is supposed to be “for actual school employees and not people listed as school employees who are actually MEA employees.
It makes absolutely no sense at all.
It’s just plain wrong.
And it needs to be stopped.”
Michigan Capitol Confidential reported Cook's apparent pension spiking deal with the Lansing School District on Thursday.
The complete ramifications of the deal are not clear because the MEA has not responded to questions, and the Lansing School District has refused to provide details, after first answering some basic questions."

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