Small Pensions & Double (and Triple) Dipping
Today, on the Rhode Island Center for Freedom & Prosperity blog, I’ve reviewed pensioners with very low pensions as well as those who receive more than one pension from plans administered by the state.
On the latter count, many appear to involve survivor benefits bequeathed by a deceased spouse who would have received the pension upon retirement, which is a reasonable benefit to offer. But with combined survivor payments coming in at over $60,000 per year for life, it’s quite a benefit. Moreover, the number of such payments going to individuals with their own public pensions, combined with the repeated last names on the total pension role, really begins to give one the sense of a class set apart from the rest.