NEW YORK (CBSNewYork) – It’s perfectly legal, but to some, big pension payouts to public employees are outrageous and unaffordable, and they’re only growing.
Mark Lagerkvist of the group New Jersey Watchdog has done some digging into the elite ‘$100K Club’ of retirees and spoke with WCBS 880’s Wayne Cabot.
How big a public pension can one get in New Jersey these days?
“The largest one right now is $195,000 a year. 1,500 public retirees in New Jersey, they’re getting more than $100,000 a year. We call it the ‘$100K Club,'” Lagerkvist told Cabot.