Ex-IEA Prez To Get Fat Pension, Too

IdahoReporter.com has reported on several state lawmakers spiking their pensions by taking high-paying state jobs after lengthy careers in the state Legislature, but it turns out they are not the only ones doing it. After six years as president of the Idaho Education Association, Sherri Wood retired this week and will also receive a spiked pension because her private organization is a member of the Public Employee Retirement System of Idaho (PERSI). Due to her 28 years at Van Buren Elementary in the Caldwell School District prior to her service as the IEA president, Wood already qualifies for a public pension.  Due to her larger salary while serving as the IEA’s top state official, however, she will see an even bigger monthly payment from PERSI. According to the IEA’s 2010 non-profit filing, Wood earned $105,000 in salary that year/ Dustin Hurst , Idaho Reporter. More here.

Question: Are these “spiked pensions” fair to taxpayers?