Curb Sought On Pensions for Lobbyists ; Bill Planned to Bar New Hires From Using Public System
The Record, Bergen County, NJ › February 04, 2010
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Summary
Future hires of three private lobbying groups should be excluded from New Jersey's taxpayer-funded pension system, a lawmaker said Monday.
Assemblyman Paul Moriarty, D-Gloucester, said he will introduce legislation to alter a 1950s-era law that permits non-government employees to collect public retirement benefits. The pension fund has a $30 billion unfunded liability, and a state audit issued last week suggested that pension overseers reduce operating costs and apply the savings -- potentially millions of dollars -- to that liability.See the full content of this document
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Curb Sought On Pensions for Lobbyists ; Bill Planned to Bar New Hires From Using Public System
Moriarty's proposal would cut off future employees of the privately run New Jersey School Boards Association, the state League of Municipalities an...
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