WyBlog – by Chris Wysocki New Jersey’s public pension system is $47 billion in the hole. But that doesn’t derail the gravy train.
In 2010, 992 retired New Jersey public employees pulled in a pension of at least $100,000 per year.
By the end of 2013, that figure had swelled to 1,731 — an increase of about 75 percent.
A new report from New Jersey Watchdog goes into detail on exactly who is getting a six-figure annual payout in retirement, although some still hold other tax-payer funded positions.
Two retirees are each receiving $195,000 per year — former Jersey City school superintendent Charles Epps and retired Essex County College president A. Zachary Yamba.
Perusing the list one thing immediately jumps out. Under the “Retired From” column on line after line you see “BD OF ED” — Board of Education — especially at the very top where the highest payouts are shown.
Our public schools pay well, and they guarantee a very cushy retirement.
Also well represented, “Judiciary.” Retired judges, living well. You’ll recall these are the underpaid public servants who petulantly refused to contribute toward their own health care, requiring us to pass a state constitutional amendment compelling them to pony up.
Feel bad for them, I do not.
Rounding out the list, at slightly less than half (45%) of the 6 figure club, retired police and fire. Which stands to reason given that NJ has the highest paid police officers in the nation, and that’s before the all too common overtime padding games they play to boost their pension payouts.
State Senate President Steve Sweeney (a Democrat, natch) has threatened to shut down the governmentif Governor Chris Christie tries to rein in even one dime of these lavish pensions. Because “public workers have given up too much already.” So Christie’s new budget will probably include draconian cuts to education and social services just to keep the public pension plan in clover.
Your tax dollars at work, buying pina coladas for guys sitting around a pool in Miami Beach.
http://wyblog.us/blog/nj_politics/get-govt-job-retire-on-195k-per-year#
Yes Funny Farmer, what you are not thinking about though is that these so called public servants were pay by our taxes in the first place. Who do you think is originally paying for these retirement funds?, It is the tax payers that payed their saleries and pay checks in the first place so it only stands to reason that the tax payers are also paying for their retirement funds, think about it. It is realy not all that hard to figure out.
This article was not about the banksters, even tho they are worse IMOO.
These corrupt politicions never had any intentions of paying these retirement funds back as you speak of. If they did they would be dipping into each and every one of their deep pockets and would be paying it back all a long even if it meant sellin` off their houses and personal possessions that they have gained at the taxpayers expence.
By the way how is it they get their promise of retirement but the average guy get his social security and retirement bennifits cut back – see my point.
Just like obama`s fancy vacations and birthday parties, those were all payed by the tax payers – there is absolutely no difference, just on a more obvious scale.
I remember when I was in HS how much there was this push and chatter to obtain a city job with benefits(NYC) become a cop become a fireman become a teacher become any other number of civil serpent jobs. The problem with this attitude is it continues to promote a lifestyle that is governed by well the government. Since I have always had a problem with authority this was a no brainier(even while in the military and they knew it!) when it came to my personal freedom along with others in my life and continues to be. Establishing a financial freedom is what everyone should be doing and investing in dirt is the way to go in my opinion so you are not subject to government “life” restrictions as much as those who work for said institution directly telling you what and what you can not do with your life. Property is just that owned where as your life should be owned by only yourself not someone pushing an agenda.
Sometimes I look back and wander why I wasted any energy on this country. But I loved to work. It was in my blood. But then the psychopaths in D.C. shipped my job overseas or made it disappear. One or the other. They really do think they are god like creatures don’t they.
The same corrupt system that pays this absurd amount has also injected multi quadrillions of worthless, essentially valueless dollars into the very same economic system. The inevitable mega inflation that is to result from this will also cause this $195,000 per year not to purchase a single loaf of bread nor a single gallon of gasoline. Justice could arrive sooner if the state pension funds invested in Wall Street paper vaporize prior to the ‘Great Devaluation’.