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Intro by Steve Lonegan AFP
(BERGEN COUNTY- NJ) In an investigative report released yesterday, Mark Lagerkvist of NJ Watchdog ( https://newjersey.watchdog.org/2011/09/14/xxx/) reports that “Forty of New Jersey’s top county cops are double-dipping from public coffers,” scamming the pension system and New Jersey taxpayers to the tune of $2.88M a year!
According to the NJ Watchdog exposé, sheriffs across 19 New Jersey counties are raking in anywhere from $134-$252 THOUSAND DOLLARS in combined pension and salary! Some 24 undersheriffs have also struck gold by scamming the system.
Earlier this year, Governor Christie and the Legislature passed a package of pension and health benefit reforms requiring public workers, including teachers, firefighters and police, to pay more towards their retirement and health plans.
These measures were a marked step in the right direction toward addressing New Jersey’s ticking pension time bomb. However, those reforms did nothing about preventing this kind of brazen and rampant abuse of a broken and massively underfunded pension system; nor were any steps taken to phase out the pension system in favor of defined contribution, 401k-style plans that would also put an end to such taxpayer rip-offs.
Instead, once again, New Jersey taxpayers find themselves on the losing end while the politically-connected enrich themselves at our expense.
Read more : https://newjersey.watchdog.org/2011/09/14/xxx/
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The Ridgewood Blog Brings a Free Market Laissez-faire Point of View to Local, New Jersey State and National Issues.