spiking n.— «The proposed firefighter contract also would have ended a practice known as spiking, where firefighters can inflate their pension payouts. The contract was designed to limit how much overtime and compensatory time pay could...
top hat plan n.— «Supplemental executive retirement plans (SERPs), or “top hat” plans as they are often referred to, were created decades ago to get around a government cap in pension payouts that affects managers earning more...