Trenton— Senators Jennifer Beck (R- Monmouth/Mercer) and Steve Oroho (R- Sussex/Hunterdon/Morris) have submitted legislation aimed at ending abuse of the state’s pension system. The bill, S-2716, would prohibit retired public employees that return to government service from collecting pension payments while on payroll.
“Pension payments should only be collected by those who have left the government payroll,” said Senator Beck. “Public employees who game the system by collecting a paycheck and a pension check simultaneously commit the worst kind of double dipping. New Jersey’s taxpayers are tapped out, our pension system woefully underfunded, and neither can tolerate this sort of abuse. Nobody should be able to line their pockets in this manner at public expense.”
The bill prohibits any public employee in the state retirement system from collecting a pension if he or she resumes public employment and is compensated more than $15, 000 annually. Those returning to service after retirement would not accumulate additional pension credits. The bill applies to all state pension plans.
“We must protect New Jersey’s pension systems and it is critically important that we protect the qualified status of those pensions, as well as end any unnecessary strains on the funds,” Oroho added. “There are a variety of good reasons retirees may wish to return to the workforce. However, for the purposes of collecting a pension, and to protect the qualified status of the plans, retired means retired.”