Loophole allows Essex County Executive DiVincenzo to collect full salary, pension
Updated: Friday, April 01, 2011, 7:11 AM
By Star-Ledger Staff
NEWARK ? Essex County Executive Joseph N. DiVincenzo Jr. didn’t want to wait until leaving office to begin collecting his pension.
Last August, the 58-year-old politician quietly put in his retirement papers and the pension started to flow. But he continues to serve in the same position, drawing a full salary and wielding influence from Newark to Trenton as he campaigns to reform the pension system.
Due to a little-known loophole, DiVincenzo is one of the latest officials to collect a salary and pension for the same job. State law allows elected officials in the public employee and police pension systems to "retire" but keep working.
In fact, DiVincenzo "retired" just three months before winning an unprecedented third term as county executive.
He earned $153,207 last year in salary. Since August, he has tacked on a $5,738 monthly pension payment.
Hypocrite
Updated: Friday, April 01, 2011, 7:11 AM
By Star-Ledger Staff
NEWARK ? Essex County Executive Joseph N. DiVincenzo Jr. didn’t want to wait until leaving office to begin collecting his pension.
Last August, the 58-year-old politician quietly put in his retirement papers and the pension started to flow. But he continues to serve in the same position, drawing a full salary and wielding influence from Newark to Trenton as he campaigns to reform the pension system.
Due to a little-known loophole, DiVincenzo is one of the latest officials to collect a salary and pension for the same job. State law allows elected officials in the public employee and police pension systems to "retire" but keep working.
In fact, DiVincenzo "retired" just three months before winning an unprecedented third term as county executive.
He earned $153,207 last year in salary. Since August, he has tacked on a $5,738 monthly pension payment.
Hypocrite