$6.1 Million to NJ Politicians

An argument public workers often use to convince themselves that their pensions are secure is that the politicians themselves are also in these plans so they would look to protect their own interests.

According to updated pension data released by the state there are 345 retirees whose last employer was either the Senate, General Assembly, or Chief Executives Office getting as of December, 2014 a combined $6,130,623 in pension payments annually.  Among those pensioners are at least:

Check the spreadsheet sorted first by name and then by amount of pension to see if you can locate other notables.

My point is that these people did nothing when they were (or in at least one case are still in) office to avert the disaster that is the New Jersey Retirement System now so many of them are under the same delusions of solvency as the majority of New Jersey public workers.  And even after the collapse is it really that big a deal for most of them?  Sure you have politicians who really need the money* but is Thomas Kean or Christie Whitman going to be put out by not getting that monthly check of $1,904 and $1,610 respectively?

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* Referring here to a story that broke yesterday where an Assemblywoman’s husband was strapped for cash and sought Sandy aid at around the time that the Assemblywoman was questioning the misuse of Sandy aid.

9 responses to this post.

  1. Posted by Letsgetitright! on February 20, 2015 at 3:28 pm

    John, I am convinced that the best route to take care of the pension crisis is to just let them fail. Once the fail the state will have to act. raising taxes is out as we are already the most heavily taxed state in the country. So the options will be limited to cutting benefits for existing and active employees and allowing the current actives to invest in their own 401k or 403b type plans. It can no longer be on the backs of the private sector employees who are trying to save for their own reitrements!

    Reply

  2. Posted by Anonymous on February 20, 2015 at 5:39 pm

    what a bunch of dreamers. raising taxes is out, bwhahahahahahahahaha, politicians will definitely raise taxes not for pensions but because NJ taxpayers have the money. sickening but true. sorry

    Reply

    • Posted by dentss dunnigan on February 21, 2015 at 1:40 pm

      NJ taxpayer are tapped out …they can’t even get a gas tax through ….where are you raising taxes …income …elderly ? perhaps the hospital residence …oh waite Corzine already tried that with a bed tax !

      Reply

      • Posted by Tough Love on February 21, 2015 at 3:00 pm

        Public Sector workers think that “Millionaires” should pay more, MUCH more …. even thought they pay FAR MORE than their fair share now ….. just so that THEY, the Public Sector workers, can continue to get FAR FAR MORE in pensions & benefits than what comparably situated Private Sector workers get form their employers.

        Reply

  3. And I suppose we throw the current retirees to the wolves, especially the truly
    disabled who cannot fend for themselves. Is this what we should do ?
    Could we sleep well after ?

    Reply

  4. Posted by Anonymous on February 21, 2015 at 8:06 am

    To imply that the politicians only motive to save the pensions would be the money they receive themselves is very short sited.

    You are missing the obvious reason they would continue to try to make pension payments. They want to remain in office. Sounds unbelievable to you? Okay then whey did they create and continue make payments thus far?

    Reply

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