August 20, 2013 at 11:31 AM
Wash. to shrink pensions for 3 ex-firefighters
The Associated Press
Washington auditors have determined that pre-retirement salary increases led to more than $30,000 in excess pension payments for three former firefighters.
The Department of Retirement Systems projects that it will save the system more than $140,000 over the coming years by permanently reducing the combined pension values for the three retirees.
State officials concluded that a portion of the raises provided to the Lakewood fire managers at the start of 2010 were improperly counted toward pension calculations because the pay increases were retirement incentives. The state had conducted an audit of the Lakewood cases following an Associated Press series earlier this year that highlighted late raises in an old pension system for law enforcement and firefighters.
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