States eye cycle of retiring, rehiring

Dennis Cauchon:

States are cracking down on a controversial practice that lets government workers collect pension benefits while continuing to work for a salary.
The practice — called “double dipping” — lets tens of thousands of state and local workers retire, collect pension benefits and then keep working, often at the same job.
“What was going on was absolutely ludicrous,” says Kentucky state Rep. Mike Cherry, a Democrat. Kentucky’s Legislature last month ended a policy that let workers retire, get rehired and start a second pension in addition to the first.
Double-dipping is legal in nearly every state under existing pension and hiring rules. It is especially common among educators, police officers and others who retire young after 20 to 30 years on the job.