Salaries, Perks, and Pensions: Public Retirements: poor oversight of fund, ignoring or rewriting rules dumps shortfall on citizens

Article Abstract:

Public Employees Retirement System (PERS) discusses about the use of accounting technique to push the cost of investment losses. In early 2002, investigators found that, in real terms, PERS's shortfall had jumped to $8.5 billion. Oregon lawmakers designed PERS to provide career employees with 60 percent to 70 percent of their final salary at retirement.

United States, Pension, health, and welfare funds, Pension Funds, Public Empl Pension Funds, Public employee pension funds

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Salaries, Perks, and Pensions: Legislative Pensions: lawmakers cobble together own state retirement plans paying better than old jobs

Article Abstract:

Half of New Jersey's former lawmakers are earning more pensions in retirement than they were paid while in office. Lawmakers are paid high pensions as compared to full-time teachers, state workers, police and firefighters.

Personnel administration, Compensation and benefits, Ex-public officers, Ex-government officials

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Landfill gamble

Article Abstract:

A complex financial deal to transform landfills in New Jersey into a mini-city devised by a developer to amass huge public subsidies over time is discussed.

Financial management, Refuse systems, Solid Waste Landfill, Finance, Sanitary landfills, Company financing

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