Abuses prevail
Tom Moran toady has an excellent article/op-ed piece on the State's Pension system. In the article, This pension system will be the death of us he sights multiple examples of abuses such as:
A 1998 report by the state Commission of Investigation found abuses everywhere. South Orange allowed 11 police officers to boost their pensions by counting unused vacation time as salary. Bradley Beach gave several top officials big raises in their final year, and counted sick and vacation time as salary.
One Edward Costello, former police chief of Edison, got a boost to salary during his last year on the job that boosted his yearly pension to $115,000 per year. His quote? "It's not my fault," he says. "I played by the rules."
I think we should just change those rules. I think we should reduce the payments were currently making and say, "Hey, we just changed the rules. Tough luck."
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