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Federal Employees Retirement System - covers approximately 2.44 million full-time civilian employees (as of Dec 2005). [2]Retired pay for U.S. Armed Forces retirees is, strictly speaking, not a pension but instead is a form of retainer pay. U.S. military retirees do not vest into a retirement system while they are on active duty; eligibility for non-disability retired pay is solely based upon ...
Beach was soon hired by Camden County College for a part-time job as an advisor, allowing him to collect an annual salary of $10,400 and remain in New Jersey's Public Employee Retirement System, for which county clerks but not state senators are eligible. [5]
As of 2014, Torres receives a full-time annual salary of $119,000 as mayor. He also receives free health coverage as a retiree based on his pension, due to the fact that the New Jersey treasury department approved his retirement and pension.
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In 2022, the State Health Benefits Commission approved a rate increase for public employees of about 20% for local and county workers. Katie Sobko covers the New Jersey Statehouse. Email: sobko ...
Richard Loccke, a Bergen County labor lawyer who secured higher salaries for NJ police unions, dies at 79.
Pension spiking, sometimes referred to as "salary spiking", [1] is the process whereby public sector employees are granted large raises, bonuses, incentives or otherwise artificially inflate their compensation in the time immediately preceding retirement in order to receive larger pensions than they otherwise would be entitled to receive.
Senate President Nicholas Scutari, D-Union, acknowledged that the pay package is “in the discussion phase” but offered no details, other than to note that “it's been 24 years” since ...