Double-Dipping in City of L.A. Pays Big

Correspondent Judy Muller investigates LA's "DROP" (Deferred Retirement Option Plan) program for LAPD and LA City Fire Personnel. The program, enacted a few years ago, effectively allows members of both organizations to 'double dip' the system, receiving both a salary and their pension at the same time for the last five years on the job. Muller examines how over 3,000 officers have been able to use DROP - and how many LA citizens are unaware of this pricey so-called "Retire for a Day" loophole. Madeleine Brand interviews Washington Post political reporter Aaron Blake about the sequester that is set to take effect on March 1st.

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