N.J. public employees retiring at slower pace, records show
After two years in which teachers, cops, firefighters and other public workers headed for the exits in record numbers as Trenton took aim at their pensions and benefits, the pace of retirements has slowed drastically, the latest records show.
A total of 13,865 local and state public workers are expected to call it quits this year, significantly fewer than the 19,585 who retired last year, when Gov. Chris Christie and lawmakers forced them to pick up a greater share of their health and pension costs, according to figures released by the Treasury Department. (Renshaw, The Star-Ledger)
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