Saturday, February 08, 2014

Retirement plan for Paterson cops, firefighters puts four-year tab at $11 million

Retirement plan for Paterson cops, firefighters puts four-year tab at $11 million : page all - NorthJersey.com: "PATERSON – City officials are planning to borrow $1.65 million to pay nine firefighters and eight police officers for unused leave days when they retire.

This would represent the fourth consecutive year in which Paterson has borrowed money to pay severance to retiring firefighters and police officers at a total cost of more than $11 million over that time."

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