Thursday, October 29, 2009

Proposal: No pensions at all for elected officials

I've made this proposal before, but want to repeat it; elected officials should not receive any pension credit for their time in office. Term limits may not be constitutional, but I bet this would be legal, and would have the same effect- legislators who serve one or two terms, then return to their real jobs. The alternative is career politicians, who accumulate power, and as the saying goes, all-too-often then become corrupted.

Halleluja

Retirement board suspends DiMasi pension

By State House News Service
Thursday, October 29, 2009 -

The state Retirement Board voted today to suspend the pension of former House Speaker Salvatore DiMasi, who is battling public corruption charges. But under the vote, which was taken in closed executive session, DiMasi will receive $25,000 in pension payments dating back to June, with the suspension of his pension effective on November 1.

Treasurer Tim Cahill, who oversees the retirement board, administratively suspended DiMasi’s pension on June 9, seven days after his indictment on charges that he allegedly used his office to secure contracts aimed at enriching himself and three associates.