New Jersey Pensioner Detail

Media attention is on 1,988 retirees in the New Jersey pension system collecting over $100,000 annually but looking over the data dump and putting it into manipulable spreadsheets (after deleting 3,367 entries with $0 amounts that likely distorts average payout figures) yields some chilling facts.

$804,202,140 is being paid out each month to 313,015 retirees.  That comes to $9.65 BILION annually broken down by fund as follows:

nj retirees by fund

 

For those interested in the $100k club, membership in 2015 is actually at 2,015

19 responses to this post.

  1. Posted by Tough Love on February 18, 2015 at 4:16 pm

    John,

    If you can easily provide it, it would be instructive to see your “Average Payout” column for all 2014 retirees (or 2013 if the last year available).

    And the above, but ONLY for those retiring with 25 or more years of service.

    Reply

  2. Posted by Anonymous on February 18, 2015 at 4:58 pm

    So….. judges have only 578 retirees but are collecting close to $53 MILLION !!! overall?? (at an avg. close to double of any other retiree).

    Plus I believe judges pay the least amount into the system and are eligible after 10 years – Political scumbags really look out for each other don’t they?

    Reply

  3. Posted by javagold on February 18, 2015 at 7:31 pm

    1. That’s ALOT of money for people NOT to work.
    2. People are living longer , so more retire pensions will continue to be added
    3. This doesn’t include Health benefits paid by taxpayers
    4. This doesn’t include salaries and health benefits of current public takers paid by taxpayers.
    5. This is exacerbated by the Over paid salaries of recent/current public takers
    6. UNSUSTAINABLE. CESDPOOL. CORTUPTION. PONZI.

    Reply

  4. Posted by javagold on February 18, 2015 at 7:34 pm

    A public taker on the pension ponzi pyramid with 10-12 years, must be very sick knowing they are jammed up whatever way they turn.
    They Can’t leave but got to keep paying . Yet No money will be left for them.

    Reply

    • Posted by Tough Love on February 18, 2015 at 8:09 pm

      It’s quite surprising that newer workers put up with a Union that is CLEARLY screwing them ……. with all of THEIR pension contributions NOT being invested for THEIR retirements, but instead going out the door to pay those currently (and soon to be) retired.

      They’re acting like deer in the headlights …. frozen, and not knowing what to do.

      Reply

    • Posted by Carlos on February 18, 2015 at 11:42 pm

      Life is one big ponzi scheme. Think about it. Every day people give their hard earned money to some stranger who works for some brokerage house to invest his money and take a nice cut for what the investor could easily do for themselves. It’s not rocket science it’s reading up on things. I have never used an investment specialist and I saved about $800,000 and have a paid for house. To me turning my money over to some financial leach is the biggest ponzi going. Educate your self and let them starve.

      Reply

  5. […] in the New Jersey public pension system was just released and you can find data on all retirees here but for only those who worked last in county-related employment this file with multiple […]

    Reply

  6. Posted by OFF TOPIC on February 19, 2015 at 12:32 am

    dumb lawyers

    Reply

    • Posted by OFF TOPIC on February 19, 2015 at 12:52 am

      Here is what I sent to one of the “so-called reporters” in connection with the solar sham, scan, scheme. Haven’t heard a reply. I did not mention the rest of the fiacos DeCotiis has been involved with, i.e, Linden, Plainfield, Xandu, and whatnot … too many to mention. SL reporter hasn’t responded to me.

      This was sent to saugenstein@njadvancemedia.com by me.

      You might want to look into Union County because if you count Union County Improvement Authority’s failed solar project, the tab will be over $100,000,000. You might also want to do an expose as to how the DeCotiis law firm not only acted as the lawyer for these various improvement authorities, but, in fact, advocated for the solar projects, which, IMO, was a conflict of interest. In addition, the DeCotiis law firm put its own clients, i.e., the various County Improvement Authorities, in direct competition with each other, another conflict IMO. Besides the improvement authorities you cite, and Union County, DeCotiis represented other county improvement authorities with this same project. I’m not sure how many, but I think Atlantic County Improvement Authority is one, which I suspect is a failed solar project as well since the SREC market crashed (quite possibly due to DeCotiis peddling this same project to all of their County Improvement Authorities (same conflict). It is also suspected that Union County sold Runnells Hospital solely to make the bond payments on this solar project. Union County Improvement Authority, has on its agenda, to again hire the DeCotiis law firm as its general counsel, despite the failure of this project, for the coming year. Tell me what company or person would hire a law firm that FAILED so miserably? The DeCotiis law firm, the firm who wrote the bogus projection reports (in Union County I believe that to be The Gabel Group), the bond attorneys and the financial advisers were the only entities who made money off this scheme, leaving the taxpayers on the hook, for what I consider, DeCotiis’ reckless promises and promoting of these projects, that solely benefited the DeCottis law firm bank account. Union County should be added to your articles. To not report on this is, IMO, journalistic malpractice. After all, a former Star Ledger reporter is employed by Union County, who should be a good source for information.

      Thank you for reading

      THAT WAS THE END OF MY REMARKS, ALTHOUGH I SHOULD HAVE ADDED The DeCOTIIS FIRM MADE MILLIONS OFF THIS B.S., another, amongst numerous shortcomings, in real reporting by S/L nj.com

      Reply

  7. Posted by OFF TOPIC on February 19, 2015 at 1:03 am

    Feel free to post my comment on TheCountyWatchers website if you do a blog on this subject. I would have posted my opinions on the “Solar panel” story on nj.com but nj.com banned me from commenting years go and it my ban still stands.

    Reply

  8. Posted by OFF TOPIC on February 19, 2015 at 1:20 am

    SL would do its readers a favor by reporting real news, including thin-skinned so-called reporter Tom Moran, with what is going in the real world. CC will not run, nor if he did, would not become President because he as liberal as any democrae, so why devote 2 , 3, 4 articles a day to him? Why? To keep readers ill-informed/non-informed as to the real issues of the day?

    The world is burning by ISIS and others Islamic radicals, but yet SL/nj .com runs articles on CC 24/.? Like the journalist list.

    Reply

  9. Posted by Anonymous on February 19, 2015 at 10:32 am

    TL & John you guys are right. But, most rank and file workers make less than 100k. The PFRS my base is $61k active I was 100k approx. Still I am blessed!

    Reply

    • Posted by Tough Love on February 19, 2015 at 12:14 pm

      Local Police in ALL of the towns near me make $110-$125K in BASE after just 5 years. …. and it’s very easy to verify on the salary databases online

      Reply

  10. […] in the New Jersey public pension system was just released and you can find data on all retirees here but for only those who worked last for towns in Union County this file with multiple spreadsheets […]

    Reply

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