A North Carolina law that allows part-time lawmakers to add an expense stipend to their base salary when calculating retirement benefits boosts their pensions by more than 30 percent.
The News & Observer of Raleigh reported Sunday that the percentage of salary lawmakers receive as an annual payout is more than double the rate afforded most state workers
Retiring House Minority Leader Joe Hackney can expect to receive a $41,000 annual pension for life starting next year. The paper reports that the expense stipend adds more than $10,000 to Hackney's annual pension.
In all, the paper says the pension bonus means the state will pay $102,000 extra a year to the 28 lawmakers in the system who are retiring this year.