Omaha faces last wave of pension spiking

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Posted: Wednesday, March 27, 2013 12:00 am

At least 19 Omaha firefighters are expected to leave the department this year with a chance to spike their pensions — the last gasp of a practice that is partially to blame for a $610 million pension shortfall.

Firefighters have until Thursday to tell the city whether they plan to retire under the old pension system, which allows them to work extra overtime or use banked comp time to boost income in the months leading up to retirement.

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