Sunday, June 26, 2011

OCPA Site Shows 60 Retirees Draw $100,000-Plus

By Paul Monies/The Oklahoman ~ More than 60 state retirees, including former statewide elected officials, district attorneys and judges, are receiving annual pensions of more than $100,000.

In many cases, those annual pensions exceed the retiree's highest annual salary and dwarf the amount the retiree contributed during his or her years of public service.

The pension information is online at AccountAbilityOK.com, a new website developed by the Oklahoma Council of Public Affairs.

The organization advocates for limited government and has called on lawmakers to convert the state pension systems to defined-contribution plans more like those in the private sector.

For several years, former State Auditor and Inspector Clifton Scott was the poster child for the state's highest pension. But Scott, with an annual pension of about $157,000, has been supplanted by two former district attorneys, records show.

Read more: http://newsok.com/some-former-oklahoma-officials-state-pensions-top-100k/article/3580333#ixzz1QNosyAGh.

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