Will $500,000 in overtime swell a firefighter’s retirement check?

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Will $500,000 in overtime swell a firefighter’s retirement check?
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Columnist Teri Sforza got your outraged questions and provides some answers.

used for pension calculations — a safeguard against “pension spiking.” But things get technical.

Enter here the “Fair Labor Standards Act,” or FLSA, which calculates some extra time toward pensions — but only when the employee’s normal work week is way more than the standard 40 hours.“The FLSA states that pay for firefighters must be paid on all hours worked above 53 hours per week, up to what is considered ‘normal’ for employees on a full-time basis,” Morgan said.

So, those 56 hours are paid as straight time, as part of their regular earnings, but three hours would be reported for pension purposes, she said. Which is to say that, even if our firefighter worked 70 hours in that week, only the three hours between 53 and 56 would be calculated for pension purposes. But everything over 56 would be paid at overtime — “and NOT factored into their pension calculation ,” Morgan wrote.If public retirement systems are “on the brink,” you can’t really blame overtime. You can, however, blame your elected representatives.

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