Understanding Pension Padding or Pension Spiking
Introduction to Pension Spiking
Pension Padding or Pension Spiking is a practice that involves artificially inflating one’s salary or benefits in the final years of employment to maximize pension payments upon retirement. While the term “thieves, liars, frauds, and scam artists” might be harsh, it is used by some to characterize individuals who engage in this practice. However, it’s essential to approach the topic with a nuanced perspective, as not all instances of pension spiking are necessarily nefarious, but most are.
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