The Hall of Shame highlights public employees, often politicians, whom TD deems as the worst abusers of the taxpayer-funded pension cash bonus system, the DROP program. Many of these public employees, driven by greed, refuse to settle for a five-year pension cash bonus and shamelessly exploit their public positions to secure an eight-year pension bonus. The three year extension effectively doubles the taxpayer paid pension for these abusers of taxpayers. Public Pension cash bonuses regularly exceed seven figures and the yearly pensions balloon into the the hundreds of thousands of dollars.

Politicians blatantly disregard their contractual obligations to retire/resign as a condition of receiving pension cash bonuses, instead seeking special exemptions. The first dip is collecting a paycheck (the first dip) and a pension (the second Dip) at the same time to do the same job. The third Dip is these Triple Dippers no longer pay the standard 3% of their salary into the pension program even though they are still working. The Cherry on the Top these Politicians and bureaucrats cash out unused days off at their final highest salary, not the salary when the days off were earned. They take more money form taxpayers and artificially spike up the last year’s pay which is what their pension is based on. Six months after collecting the pension cash bonus, bureaucrats can return to their old job!

Stay tuned as we continue to uncover and expose more greedy politicians who exploit the system for immense pension cash bonuses, often in the millions.