Phrases with «pension padding»

"Pension padding" refers to a practice where individuals artificially inflate their retirement benefits by boosting their salaries or working overtime during their final years of employment. This allows them to receive higher pension payments than what they would have received based on their true earnings. Full definition

Sentences with «pension padding»

  • And Attorney General Andrew Cuomo has launched an effort to crack down on pension padding in the years leading up to retirement. (nydailynews.com)
  • AG Andrew Cuomo called the practice of pension padding «chronic» and «unbearable,» adding: «It should have been stopped a long time ago.» (nystateofpolitics.com)
  • «Our ongoing investigation into pension padding has so far identified problems that transcend occupation, region, or job title,» Cuomo said in a press release. (nystateofpolitics.com)
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