Received via snail mail…..May 7, 2008
Bill,
At the last couple of (Gloucester City) council meetings I’ve heard Councilman Brophy and other councilpersons tell the public that one of the budget problems the city is having is a $600,000 increase in police pensions. I am a police officer and it infuriates me when I see our political leaders intentionally misleading the public like this.\”
There has been no increase in police pensions; the City is simply repaying a debt. They are in essence blaming the police officer for THEIR fiscal mismanagement when nothing could be farther from the truth.
Our current political leaders are not to blame for the problem but they sure as hell are to blame for the way they are handling it. They are turning the public against the police officers and using that to their advantage in current contract negotiations.
Other towns are laying off officers because of this.
The article attached explains everything and you can find it on the New Jersey State Police Benevolent Association (PBA) website. www.njspba.com. There are also contacts on that website you could reach out to for further verification if you wished.
I would like to know what Gloucester City did with all the money they did not contribute to the pension system for all those years. At least I would like to see our City leaders step up and accept responsibility for the fact that it was the City’s mismanagement of funds that led to this problem and not any increase in police officer’s pensions.
I know this isn’t a big deal to most people but it is to me and all other police officers in this state. I can’t get any answers but I thought maybe you could make it public.
You obviously have the juice to get answers and I like your style. You do a great job with your site and, as a city resident; I enjoy being informed so quickly.
I know it not a big story but whatever you can do, I sincerely appreciate.
Sincerely,
A Concerned Cop………………………….
NOTE FROM BILL: I forwarded a copy of this letter to each member of council asking if they would like to respond. Stay tune; I will update the story as more information is received.
Related: Blue Line
FROM THE DESK OF ROB NIXON
PFRS Pension Holidays and Local Governments – \”They Saved, We Suffer\”
From 1998 to 2007, local governments were given an unprecedented and lucrative opportunity to skip or reduce their required payments into the Police and Firemen’s Retirement System (PFRS). At the height of the Pension Holiday from 2001 to 2004, local governments contributed only 12% of their required PFRS pension and ERI contributions. This lack of funding not only crippled the health of the PFRS today but also has placed local governments in the situation of having to make up for this reckless practice now, much like the person who overspends on a credit card and who regrets it only when the bill arrives. click here for the full report
This post was imported from a legacy archive. Please excuse any formatting inconsistencies.