double-dip

/ˌdʌbl̩ˈdɪp/ verb [I] US FINANCE

Definition

› to receive income from two places, for example from a government pension while employed by the government, or from two different government pensions: A loophole in federal law allows teachers to "double dip" in both a state retirement system and the Social Security system.

double-dipping noun [U] › The legislation would not outlaw "double dipping" - drawing a state salary for a full-time job and also being paid as a lawmaker. double-dipper noun [C] › The law will prevent double dippers, who draw two paychecks, from serving on the Joint Finance Committee, which writes the annual budget bill.

(Definition of double-dip verb from the Cambridge Business English Dictionary © Cambridge University Press)