Jersey City taxpayers are facing a major problem in the form of retirement payouts. The residents may be on the hook in the amount of $5 million if 25 Police Department employees decide to retire.

Jersey City Police
Jersey City Police

Of the 25 expected to call it quits in August, most notably are Police Chief Tom Comey and at least 2 deputy police chiefs, 5 captains, five sergeants, three detectives and nine officers.

Mayor-Elect Steve Fulop who unseated long-time mayor Jerramiah Healy, is faced with the undaunting task of making sense of all this. The current Jersey City Councilman has said that he will do a very detail-oriented audit prior to any payouts. Fulop takes office on July 1st.

Fulop said that some of the payouts will be in excess of $600,000.  The average for these retirement packages is $200,000.

Fulop does believe there is a silver lining in this, in that if the current officers requesting retirement do not want to work any longer, then the town doesn't want them to be there.

You can listen to the entire interview with Mayor-Elect Fulop in the audio player below.