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Utah Retirement Debacle
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In the state of Utah you can "retire in place" which means: You don't retire, but you get to start may draw retirement, while still earning a paycheck and having your employer contribute to your retirement.
Employees of the state protested any changes to the retirement program, and double dipping is allowed.
It needs to be changed.
It needs to be stopped.
I'll put my money where my mouth is by offering some suggestions:
1: A retiree has every right to return to work, however, if they do, they must change departments, school districts, or areas and start all over as a new employee, without being vested. They must work their five years to become vested.
2: If a retiree wants to stay in the same department, then they must rescind their retirement, no longer drawing benefits.
3:If any department is found with someone "retiring in place", the entire entity should be subject to audit by a third party auditor. Retiring in place is fraud and should be treated as such. Everything performed by someone who retires in place, should be suspect and investigated.
4: If District personnel, State Management or any one in a position of power desires to retire from their district, or department they are not eligible for rehire under any circumstances unless they rescind their retirement, or wave any and all benefits. The only thing they can earn from the same place is a pay check. No retirement, no 401k no insurance.
© 2010 Miss K - 3/5/10
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