Archive for the ‘Spiking’ Category

Ethics of Pension Padding in NJ

P.L. 2007, c. 29, which became effective on January 1, 2008, was reform legislation “designed to ensure the system serves career public employees rather than political appointees” and to “cut out the entrenched core of abuse that has been corrupting our pension and benefits systems from within.” One of the components of the new law, N.J.S.A. 43:15A-7.2,  excluded professional services contractors, such as municipal lawyers, architects and engineers from enrolling in the state’s PERS pension system.

At least one lawyer in New Jersey had a problem with that and his employers offered help.

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Flagging Pension Spiking

In pro football you are still allowed to spike the ball after a touchdown but if you work in conjunction with a teammate on your celebration you will be flagged.

Not so with pension spiking, at least in Scotch Plains, NJ.

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