TRENTON, N.J. (AP) - February 10, 2009
The governments had hoped to save money by shedding payrolls of
more senior employees. But the state says Hoboken must pay $4.2
million and Bergen County $1.4 to prevent the pension costs from
being passed on to taxpayers.
Bergen County plans to fight the issue, saying its plan was a
severance package and not early retirement.
Hoboken Mayor David Roberts is hoping for an "amicable"
resolution.
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Information from: The Star-Ledger, http://www.nj.com/starledger
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