N.J. comptroller urges towns, school boards to look into costly pension errors
Mayors and school board officials are being told to take a new look at employee pensions after New Jersey’s comptroller found poor oversight allows pension padding costing millions in taxpayer dollars.
The New Jersey League of Municipalities and the New Jersey School Boards Association sent out instructions in response to the report released this week by Comptroller Matthew Boxer, which showed how some local governments have permitted attorneys and other outside professionals to collect pension credits even after laws were passed to end their eligibility for retirement benefits. (Reitmeyer, The Record)
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