Speaking of shady government accounting practices
From the New York Times:
Posted by Chip on June 30, 2004 at 06:56 AMDALLAS, June 29, (AP) - Thousands of Texas teachers are rushing to retire before a lucrative loophole in Social Security law closes, but there is one catch: They must first spend a day washing windows or scrubbing floors.
Most Texas teachers do not pay into Social Security and instead participate in a state pension fund. But the loophole allows them to receive Social Security benefits if their last day of work before retirement is in a job covered by the federal program.
School districts around the state helped teachers out by hiring them to work janitorial or maintenance jobs for just a day. The loophole closes on Wednesday.
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