A new report by the North Carolina state treasurer's office has revealed abuse and fraud with the state's pension system, WTVD reports:
About 850,000 North Carolinians have a stake in the fund which is worth approximately $70 billion.
The document highlights overpayments and system errors that include salary spiking - where workers get undue raises in their last few years to boost their pension - and so called return to work violations - where people already collecting a pension go back to work at the same time and collect a second paycheck.
The documents says "members and employers operate largely on the honor system..." and points out that there is "no dedicated staff to handle the monitoring and enforcement."