What Ever Happened to the NJ State Pension Investigation?
A listener called in this morning and refreshed a conversation Jim has been discussing on and off since last summer when an investigation was first launched.
John from Woodbridge called in and asked Jim what ever happened to the investigation into the 202 people that were found to be illegally in the state pension system. The report, created by State Comptroller Matthew Boxer recommended that the Treasury Department disqualify time earned by 202 professionals beginning as far back as 2008. 2008 is the same year that a law went into effect expelling private or independent contractors from the pension system went into effect.
Hundreds of attorneys, engineers and other professionals who worked part-time by local governments have been allowed to continue to accrue time as though they were full-time public employees. The sweet deals would help pad their retirement and assist them in gaining lifetime medical benefits.
If you'd like to view the entire report, click HERE.
John from Woodbridge called the governor to ask what can be done about getting these illegal employees out of the pension system during an 'Ask the Governor' show and the governor said that the report is currently under review with the Justice Department.
But the question remains, will we ever get an answer or better yet, will these people ever be bounced out of the pension system? We will just have to wait and see.