Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Bates & Company, Inc.
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AimPoint Pension
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Compass
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Regional Vice President of Sales The Retirement Plan Company
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Loan & Distribution Specialist AimPoint Pension
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Reconsidering Expensive Pension Enhancements: 'Air Time' and 'Golden Handshakes' in California
CalPensions Aug. 13, 2012 "If the [California] Legislature attempts pension reform this month, one of the targets may be 'air time,' a decade-old policy that allows CalPERS and CalSTRS members to boost their pensions by buying up to five years of additional service credit. Another older but also colorfully named policy, the 'golden handshake,' allows management to encourage early retirement by boosting pensions with two years of additional service credit." |
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