With the Rahwayification of Plainfield that folks complain about (it is THE model for all things being pursued development-wise), one has to wonder if another Rahway characteristic will catch on in Plainfield -- doubledipping.
Today's Ledger carries news that former Rahway business administrator and redevelopment director Peter Pellisier has angered the state pension folks by signing up as a consultant for Rahway's redevelopment authority in the same month as he retired. Without a bid, by the way.
He has netted a cool $625,000 in the last five years, and the pension folks are steamed.
Maybe we have to be thankful Plainfield could never agree to set up an independent, nonprofit redevelopment authority.
Ledger: "State seeing red over Rahway official's pension"
-- Dan Damon
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1 comments:
The irony of this Rahway business is that the State has enabled Pelissier to increase his pension! Rahway has hired him back at $260K per year, and the State has required him to re-enroll and make retroactive contributions to the system. That will automatically add five years to his pension rate (he retired in 2002). His pension is calculated on the average of the highest three years; if he stays three years, he'll add about 14% to his pension, which will then be based on $260K+. The SL article said he earned $5075/month; using $120000 as his probable 3 year average back in 2002, his rate was about 50%. Add 14% for the additiional8 years, and his monthly retirement will jump from $5075 to about $14,000. Is this what the State calls punishing the double-dippers?!
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