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Charles Baker cooks up plan to cut pension abuse

Looks to cap payouts at $90G

By Hillary Chabot
Friday, November 20, 2009 -
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Job-hopping to inflate state pensions and out-the-door parachutes higher than $90,000 will be banned under a new proposal by Republican gubernatorial candidate Charles Baker, as a Herald review shows the number of retirees raking in that much or more shot up 30 percent this year.

Baker, who is set to unveil his plan next week, said the changes would save $50 million a year at a time when the state’s pension liability has swelled to a whopping $22 billion and state officials are scrambling to cover a $600 million shortfall.

 
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Your tax dollars at work: 2009 State Pensions:
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‘OVERDUE’: Republican...
Photo by John Wilcox
‘OVERDUE’: Republican gubernatorial candidate Charles Baker, who will unveil a new plan next week to cap pension payouts at $90,000, works the phones yesterday in his South Boston campaign office.

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