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ROMNEY / CHRISTIE 2012! "Christie's pension issue: N.J. probe looks at running mate, double-dipping" [View all]
Gov. Christie's pension issue: N.J. probe looks at running mate, double-dipping
http://openchannel.msnbc.msn.com/_news/2012/05/14/11690662-gov-christies-pension-issue-nj-probe-looks-at-running-mate-double-dipping
By Mark Lagerkvist
New Jersey Watchdog
New Jersey Gov. Chris Christie — a rising star in the national Republican Party — called an overhaul of the state pension system his "biggest governmental victory." He now faces embarrassment from flaws his reforms failed to fix.
The sweeping new laws increase contributions from public workers, decrease benefits and halt cost-of-living hikes. According to Christie, the changes should save the state $120 billion over the next 30 years.
But his reform did little to stop the age-old New Jersey practice of double-dipping, in which employees "retire," start collecting a pension, and then are rehired, often the next day. Christie's own deputy chief of staff collects $219,000 a year from the state — a $130,000 salary as a top aide to the governor plus $89,000 in state pension.
Worse for Christie, a criminal investigation is under way involving his running mate, New Jersey Lt. Gov. Kim Guadagno.
http://openchannel.msnbc.msn.com/_news/2012/05/14/11690662-gov-christies-pension-issue-nj-probe-looks-at-running-mate-double-dipping
By Mark Lagerkvist
New Jersey Watchdog
New Jersey Gov. Chris Christie — a rising star in the national Republican Party — called an overhaul of the state pension system his "biggest governmental victory." He now faces embarrassment from flaws his reforms failed to fix.
The sweeping new laws increase contributions from public workers, decrease benefits and halt cost-of-living hikes. According to Christie, the changes should save the state $120 billion over the next 30 years.
But his reform did little to stop the age-old New Jersey practice of double-dipping, in which employees "retire," start collecting a pension, and then are rehired, often the next day. Christie's own deputy chief of staff collects $219,000 a year from the state — a $130,000 salary as a top aide to the governor plus $89,000 in state pension.
Worse for Christie, a criminal investigation is under way involving his running mate, New Jersey Lt. Gov. Kim Guadagno.
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