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Re: Bloomberg: Jersey City borrows $19 million in 2 years for retirement payouts
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<<< Jersey City, which has made payouts to 343 retirees since 2010, will continue to pay for unused leave payouts until Christie and lawmakers act, Mayor Jerramiah Healy told Bloomberg. >>>

That's not true. The city council could pass an ordinance capping the payments at $15,000. The City of New Brunswick has had that legislation on their books since the mid- 1980s'. Consequently their bonding has been zero.....

Posted on: 2012/8/11 2:33
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Bloomberg: Jersey City borrows $19 million in 2 years for retirement payouts
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Jersey City has borrowed $19 million over the past two years in order to pay for retiring workers’ unused sick and vacation time, Bloomberg reports today.JC borrowes 19 million

Posted on: 2012/8/10 16:24
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