For Immediate Release:
NJ Lawmaker Has a Big Pension...Plus Two Public Paychecks!
MEET THE BIGGEST 'TRIPLE-DIPPER' IN THE NEW JERSEY STATEHOUSE: SEN. FRED MADDEN POCKETS $241,000 A YEAR IN PAY & PENSION
For New Jersey state Sen. Frederick Madden Jr., the path of public service also has been a road to personal wealth.
Madden collects more than $241,000 a year in public salaries plus retirement pay. He gets $49,000 as a legislator, a $106,983 as a police academy dean and an $85,272 annual pension as a State Police retiree.
Among the 15 legislators who draw state pensions and salaries, no one pockets more than the senator from the state's 4th Legislative District, which includes parts of Gloucester and Camden counties.
Since he "retired" at age 48 nearly a decade ago, Madden has cashed $770,156 in New Jersey retirement checks. He will get more than $2.5 million, if he lives until age 80 — his statistical average life expectancy.
"I've earned that..." said Madden. "You can make it sound like I'm getting something I don't deserve, and that's wrong."
For the complete New Jersey Watchdog investigative report and a list of double-dipping state lawmakers, click here – or visit www.njwatchdog.org.
4 comments:
Maybe you should email/call your the senators and assemblymen that have the MAJORITY in both houses... Just saying...
Yes, He EARNED that $770,000. (haha) What a beautiful thing to work for the government and retire at the ripe age of 48.
If you retire from the state and want to work, then go work in the private sector, hopefully not as a lobbyist.
If you retire and then are rehired by the state, then there needs to be a retroactive law that says your state generated pension checks and health care and any other state sponsored retirement benefits are put on hold. A law needs to be passed and signed by the Govenor yesyterday. This topic needs to be part of Christie's 'aren't I great' town hall meeeting agenda
Christie has done way more than the house and senate have put forward. He has made suggestions and made his positions clear. Why keep going forward with things that he vows to veto, makes no sense. Then he wants to cut taxes and is still vilified, what is the end goal of the senate and assembly - tax and spend seems to be the underlying tone.
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