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Re: More than 1,200 former N.J. public employees collect pensions of at least $100,000 annually
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Just can't stay away
 
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2008/4/14 22:24 Last Login : 2017/10/9 2:11 From Downtown JC
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pensions be gone, live off salaries and your own retirement funds like the rest of us normals.
Posted on: 2012/4/8 3:21
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Re: More than 1,200 former N.J. public employees collect pensions of at least $100,000 annually
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Home away from home
 
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NJ was once a state that had no personal income tax nor a sales tax. Both were passed to "reduce local property taxes". So now we have a very high state income tax, and high sales tax, and our property taxes never went down. Welcome to Hell... we are over taxed as it is. There just isn't the money.
Posted on: 2012/4/6 22:23
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Re: More than 1,200 former N.J. public employees collect pensions of at least $100,000 annually
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Home away from home
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NJ has been spending a ton of money and still can't provide a high level of service.
Posted on: 2012/4/6 22:14
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Re: More than 1,200 former N.J. public employees collect pensions of at least $100,000 annually
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Home away from home
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The Republican party has as many or more patronage jobs as the Democrats, just not in places like Hudson and Essex County. Go to Ocean or Atlantic or Morris county or any of the Republican controlled counties and the patronage mill is working there for them. The people I'm talking about voting against their interests are the public service employees who are not political appointees and make up the vast majority of current and future public pensioners: teachers, police, fire, public agency pencil pushers. Government can't provide a high level of service -- good schools, functional roadways, effective mass transit, efficient government agencies -- while simultaneously spending less money. When you pay taxes, you get back services. State spending cuts mean longer lines at the DMV, potholes in the road, aging infrastructure that causes delays on NJ Transit, longer wait times for environmental approvals, larger class sizes, outdated textbooks, higher public college tuitions and overall a reduction in every service provided by the government. All this and middle class New Jersey gets $50 back on their income taxes. Great, take the fam out for a nice meal at Applebees. Enjoy it while you can because there is no future for them.
Posted on: 2012/4/6 18:03
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Re: More than 1,200 former N.J. public employees collect pensions of at least $100,000 annually
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Home away from home
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2011/11/28 22:22 Last Login : 9/8 19:51 From Jersey City yo!
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^^
More likely they are a part of the New Jersey Democratic Machine. Your anti-Republican vitriol is showing.
Posted on: 2012/4/6 14:21
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Re: More than 1,200 former N.J. public employees collect pensions of at least $100,000 annually
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Home away from home
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Eh, a large number of these people collecting these pensions are the same conservatives arguing for smaller government and lower taxes rather than progressive taxation. So #OOPS# it, if they bankrupt their own pension funds by voting for Republicans, so it goes.
Posted on: 2012/4/6 4:19
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Re: More than 1,200 former N.J. public employees collect pensions of at least $100,000 annually
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Home away from home
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2006/11/13 18:42 Last Login : 2022/2/28 7:31 From 280 Grove Street
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I wonder if these ridiculous pensions and pay-outs are more to do with keeping ex-staff happy and quiet of any illegal or inept administration.
Posted on: 2012/4/5 22:21
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My humor is for the silent blue collar majority - If my posts offend, slander or you deem inappropriate and seek deletion, contact the webmaster for jurisdiction.
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Re: More than 1,200 former N.J. public employees collect pensions of at least $100,000 annually
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Home away from home
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I know a Sheriffs deputy near retirement. His union bosses have told him that the pension is fully funded and there are no problems. The sad part is, the deputy believes them and plans to retire soon on the assumption the money will be there for the next 20 years! Anyone dependent on a public pension is headed for a real SHTF moment soon. To make matters worse, state/local pensions are not insured by the Federal Govt. This will leave pensioners with scraps from the state pension and Social Security / Medicare. The latter is $99+ trillion in the red, so that won't be there either.
Posted on: 2012/4/5 17:46
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Re: More than 1,200 former N.J. public employees collect pensions of at least $100,000 annually
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Yes and just from a personal point of view. Many people who I grew up with became cops, firemen, teachers, and public employees. (looks like I should have also) They either just retired or are retiring in the next few years. Boom!
*** *** Here is a classic comment from the www.nj.com thread?.?. Quote: Here you can look up anyone you want?(delete blanks in url)
Posted on: 2012/4/5 17:32
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Re: More than 1,200 former N.J. public employees collect pensions of at least $100,000 annually
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Home away from home
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They won't be collecting those pensions in the not-so-distant future. In 2010, NJ public pensions (teachers, police/fire, etc.) was less than 40% funded. It was estimated (assuming the pension investments produced an 8% return) the funds would be completely out of cash by 2019.
The modest pension reforms pushed through the legislature may have pushed back the doomsday a few years, but it is still coming. NJ will need to boost the average per household tax bill by about $2,500 per year EVERY year in order to keep the pension system solvent. http://kellogg.northwestern.edu/faculty/rauh/research/RDPEPP.pdf That is not going to happen. The money isn't there. The pension system will face a partial or full default at some point in the near future.
Posted on: 2012/4/5 16:45
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More than 1,200 former N.J. public employees collect pensions of at least $100,000 annually
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(the comments on www.nj.com are reaching 130..)
More than 1,200 former N.J. public employees collect pensions of at least $100,000 annually Published: Thursday, April 05, 2012, 9:21 AM Updated: Thursday, April 05, 2012, 10:53 AM By The Star-Ledger Continuous News D TRENTON ? The number of retired public employees who collect pensions of $100,000 or more has climbed to 1,244, according to a report on New Jersey Watchdog. The list is topped by former Essex County College president A. Zachary Yamba, whose pension is $195,000 a year. Former Rutgers athletic director and New Jersey Sports and Exposition Authority head Bob Mulcahy has a pension worth $162,399 annually. He also got a severance package worth about $600,000 when he was fired by Rutgers in 2008. Retired Ridgefield Park superintendent John Richardson, who gets a pension of $160,418, is third on the list. Fulll www.nj.com (SL) piece with links to lists?. http://www.nj.com/news/index.ssf/2012 ... 1200_former_nj_publi.html (some of those names are very familiar hmmm) 
Posted on: 2012/4/5 16:18
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