For Immediate Release:
'RETIRED' ATLANTIC CITY TOURISM COP HITS NJ PENSION JACKPOT WITH A LITTLE HELP FROM HIS ATTORNEY GENERAL FRIENDS
The commander of the Atlantic City Tourism District "retired" last year, though only on paper. He remains on duty – and on the Attorney General's payroll with an $80,620 state salary.
Instead of one state check, Gilbert now gets two – a jackpot totaling nearly $174,000 a year – thanks to the Attorney General's office, which has a history of turning its retired employees into double-dippers.
A New Jersey Watchdog investigation found 24 "retired and rehired" investigators working for the Attorney General. They collect $3.95 million a year — $1.66 million a year in pension pay plus $2.29 million in state salaries. On average, they each pocket $164,570 a year — $95,575 in salary and nearly $68,995 from pension.
The revolving door of retired and rehired state employees is a controversial practice that drains money from the retirement system, already underfunded by $36 billion according to the State Treasury.
For the complete story, click here or visit www.njwatchdog.org.
