Report: NC Law Boosts Lawmaker Retirement

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.

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  • by Bobby Location: Sneads Ferry on Mar 5, 2012 at 06:16 PM
    Looks like business as usual for the Raleigh Politicians. I believe it's called a "Look After Youself Party"... at the taxpayers expense. And the beat go on.
  • by Anonymous on Feb 28, 2012 at 07:48 AM
    To all politicians in this state, see if you can connect the dots. Schools less, roads, less, teachers less, state employees less, quality of life in NC less, POLITICIANS MORE. To the politicians , anything to do with your salary or retirement, put it on the ballot for the taxpayers to say what you get. You are self serving greed mongers. Joe Hackney included.
    • reply
      by Anonymous on Feb 28, 2012 at 11:04 AM in reply to
      not bad for a part time job. 41K a year for life, ok I guess we do need a toll road, more lottery, and please raise our taxes and more of a gas tax would be nice. is there anything else we can do for you guys in Raleigh, how about a free car every other year, maybe every year. The governor gets free airplane rides, can we get yall some of those as well. Your salary, just double it for beginners and we will get rid of half the schools in the state so you can have anything you want. I congratulate you politicians for a well conceived and better executed plan of how to steal from the taxpayers with no recourse since you are retiring. Well played my friends.
  • by Steve Location: Kinston on Feb 27, 2012 at 11:51 AM
    And they want you to think the State is broke...just sayin'!!
  • by Anonymous on Feb 27, 2012 at 09:42 AM
    this is not a republican or democrat issue, this is greed at all levels by self serving politicians. please vote wisely when you vote. not what they say, but what they do.
  • by suzyq on Feb 27, 2012 at 09:24 AM
    Everyone who reads this article needs to contact their district representative and demand, personally, to know why they voted for this measure!! As long as they can hide in their little groups in Raleigh, and point a finger to "the other guy", they don't feel accountable. But believe you me, if they feel the slightest need to contact you or your business and demand information, you'd better have it ready quick and to their liking--after all, they are in "charge". Remember, every citizen holds the key to their continued employment--USE IT!!!
    • reply
      by Anonymous on Feb 27, 2012 at 11:31 AM in reply to suzyq
      Suzyq....none of them care if you or me or the whole state calls. They are too self-serving and know it will just be forgotten about before election time.
      • reply
        by suzyq on Feb 27, 2012 at 02:27 PM in reply to
        Absolutely right, Anon!! Since they like to see their name in the papers so much, maybe we need to find out how to publish the yays and nays on the vote!!!
  • by shonuff on Feb 27, 2012 at 07:41 AM
    A crook by any other name is still a crook. Glad they could serve themselves to our tax money, proving once again most in government are SCUM!!
  • by amy on Feb 27, 2012 at 07:41 AM
    These are the good folks who proposed merit pay for teachers last year. How about merit pay for NC lawmakers?
    • reply
      by Jason on Feb 27, 2012 at 08:12 AM in reply to amy
      Amy, they would simply argue that we peons don't understand the complexities that go into legislating so there is no way to do a merit-based system for lawmakers. Of course, that argument *somehow* does not apply to teachers. Either that, or the "merit" simply means being part of the ruling party.
      • reply
        by amy on Feb 27, 2012 at 10:04 AM in reply to Jason
        I know. Just sharing my "happy place" for a second there. Reality always gets in the way.
  • by @ Barlow, Lavon, et al on Feb 27, 2012 at 06:26 AM
    This article shows the difference guys. When our guys do something stupid we scream bloody murder and call them on it, when your guy does you make up some smelly excuse. If this was an article about a bill in a Dem controlled state you guys would be manufacturing a million reasons why it was the smartest thing since the invention of the wheel. We need to hold ALL politicians accountable when they do stuff like this, but you guys (and I mean Democrats collectively) continue to give people like Rangel, Watters, Pelosi, and Frank a pass.
  • by Dark Horse on Feb 27, 2012 at 05:56 AM
    When you make the rules, you can do anything you want.
  • by J D Location: ENC on Feb 27, 2012 at 05:05 AM
    When most people got nothing in the form of a raise these people vote themselves a 10 % raise. I myself have not had a raise now in 3 years. My company has been hit really hard with the housing market collaspe. So I feel really lucky to still have a job. People of North Carolina remember this when you got to vote. And please remember if you do not vote then you are part of this problem.

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