Pension Spiking at North Carolina Colleges: An $8 Million Bill for the Public

In 2014, the North Carolina legislature passed a law to curb “pension spiking” among public employees. Pension spiking is when a worker dramatically increases their compensation at the end of their career to boost their pension (usually by converting benefits such as vacation or sick-time pay), which creates a liability in the pension fund. The … Continue reading “Pension Spiking at North Carolina Colleges: An $8 Million Bill for the Public”