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Four Boro, Beach Retirees in '$100K' Club, Report Shows

Number of six-figure retirees up 75 percent in last three years, according to new report

Patch File Photo
Patch File Photo
Four retired employees of public agencies in Point Pleasant Borough and Point Pleasant Beach, topped by the former Boro police chief, received pensions in excess of $100,000 in 2013, according to a report out this week from NJ Watchdog, a taxpayer advocacy group.

New Jersey’s so-called '$100K Club' of retired public officials has ballooned by 75 percent in the last three years, the group said this week following its conducting of an analysis of state treasury data.

The report comes as state pension funds face a $47 billion shortfall, according to the treasury’s estimate. Gov. Chris Christie is expected to address pension issues in his budget address today.

"We need to have the conversation now about further changes to our pension system and to adding further to the state’s debt load,” said Christie in his State of the State address last month. “If we do not choose to reduce our soaring pension and debt service costs, we will miss the opportunity to improve the lives of every New Jersey citizen, not just a select few."

Locally, one of the employees is from Beach municipal government, one is from the Boro school district and two are from the Boro municipal government.

The top pension earner is former Point Boro Police Chief Raymond Hilling, whose pension is $112,507 per year, or $9,376 per month.

The other individuals on the list are:
  • Robert A. Cooper, Boro municipal, $109,363/year; $9,114/mo.
  • Daniel J. DePolo, Beach municipal, $104,570/year; $8,714/mo.
  • Robert Ciliento, Boro BOE, $100,789/year; $8,714/mo.
Peter Hagemeyer February 24, 2014 at 03:27 PM
Is there any surprise that our taxes just go up and up and up? Time for entitlement reform and a payroll the town can afford. Maybe time to ditch pensions and offer a 401k.
Laura February 24, 2014 at 10:15 PM
We also pay into SS for employees also. Go figure.
Jack Kennell February 25, 2014 at 02:54 PM
Jack $100K pensions at early age are excessive.
Jack Kennell February 25, 2014 at 03:01 PM
$100K pensions at early age are excessive.
Jack Kennell February 25, 2014 at 05:25 PM
As far as public pensions have been going, I myself think it is an extreme injustice to the taxpayers that a public employee could "retire" in his late forties or early fifties with a pension of over $100K! And then go right back to work, most of the time in his own field! These defined benefit public pensions are obviously becoming dinosaurs of taxpayer abuse.
Jack Kennell February 25, 2014 at 09:42 PM
Barring state bankruptcy where pension cores can be touched, in NJ there is a loophole: By suspending COLAS indefinitely, which is perfectly legal, within about 10 years those outlandish pensions would lose about 30% of their purchasing power because even though the FED's target is 2% inflation, the true effective inflation would be about 3% considering food and fuel commodity increases. Indirectly the taxpayers would therefore benefit from the pension excesses of the past. Some bright minds in Trenton might have already figured that out (if there does exist "bright minds" in Trenton).
Jack Kennell February 26, 2014 at 08:03 PM
Did Peter Hagemeyer do any calculations on his proposal for public pensions? I would be interested. My own quick gut analysis which could be off the mark: Assuming early "retirement" at age 50, a defined CONTRIBUTION pension with for example the 401k might only produce a present value of about $500K. Yet the defined BENEFIT pension of nominally $100K (which the towns & school districts have been giving away) would produce a present value of about $3 million under the same assumptions! That's taxpayer outrageous. Correct me if I am wrong so I can get some sleep.
Rick Ricky February 26, 2014 at 10:03 PM
Jack K, I would say you are correct. Do you really think anyone in these small minded towns want any changes? It will never happen. You have to many family and friends reaping all these entitlements. They will not be happy until they bankrupted all these little towns. NJ taxes continue to go out of control. Trenton is not stopping it either. Because they also have friends and are a big part of the rewards one way or another. Don't think these people who belong to these clubs cares about the abuse that is going on while they reap and continue to reap the entitlements that they want everyone else to pay for them. You have to either suck it up or move in hopes of another sucker who is wiling to take your place. It is sickening what all these towns get away with. They are not even doing justice in their position or for the community as a whole. I can't believe some of these people can look the community kids or towns people in the eye.
Jack Kennell February 27, 2014 at 12:39 AM
Rick Ricky, thanks for that. I'll sleep better tonight. You could be my twin brother in thinking. Sometimes I start to imagine the only people left are taxpayer "sheep". These "foxes" may be in for a rude surprise. Your use of the term "sucker" is particularly most appropriate. This flawed economy is projected to last at least until 2018 by most legitimate experts. Yet right after the "crash" of 2008 for five years the Beach & Boro public employees all got raises while most other people and businesses took a dive. It still has not sunk in to local "electees" that they are no longer elected just to spend money, but to SAVE money. Right now the "foxes" not being totally stupid are "pumping" for their future pensions, pretending that's not what they are up to. They might be walking on the edge of a cliff, wind up wearing blue or orange aprons. Thanks for the comments, it made my day.
A Palanchi February 27, 2014 at 06:23 AM
If you take a close look at the report many, if not most, of the highest pensions are collected by school administrators. If Kennell has a problem with that why doesn't he take it up with the various Board of Educations? In fact, didn't this talking head once sit on the Board? I'd be curious to hear what momentous steps he took to curb spending when he was there. His glee in a potential financial disaster is also disturbing. I'm sure some of his customers paying exorbitant tourist-trap fees to catch a bluefish or two might even be on this list. Instead of being thankful for what he's got, which is a heck of a lot more than most other people, maybe he's the one who needs to be asking "would you like that supersized"?The economy is slowly coming back. The only thing that is flawed is him. I, for one, will be passing on my party boat trip this summer. Anyway, I'll be spending enough time working. I am one of those people who wears the orange apron and I do it proudly because I am happy for what I've got which, apparently, isn't much in his eyes.
Rick Ricky February 27, 2014 at 07:53 AM
A, That is a joke in itself to address the Board of Education. Majority of them are puppets that is also going to reap the benefits in some way. They are part of the stupid club. You can't stop that. Anyone who tried to question any of BOE members becomes a stigma to the community. That includes BOE members who tried to change things and realized once they got in there it wasn't going to happen. So they give their time and do their best and get out after one term. There is a big difference for a private company that is self support on what they charge their customers. Customers can decide weather they want to pay for the service or what you call tourist-trap. If they don't want to pay the price they simply don't. Community members who pays taxes has no choice. They are stuck and have no choice in any say. Pay or lose your house or sell and let a new sucker pay for the abuse that is going on.
Rick Ricky February 27, 2014 at 07:55 AM
By the way...I don't know anyone in the private sector retiring at 50,60 or 70 collecting 100,000 or more a year in a pension. This is something that will eventually collapse. It is a serious problem that needs to be changed.
A Palanchi February 27, 2014 at 05:01 PM
Sounds like your ship already sailed, too, Ricky. It also sounds like you are just angry at anyone who has enjoyed success. I know a lot of people who are reaping financial rewards from the private sector. Unlike you, it would appear, they also tucked the apathy away and went out and got it. You and Kennell are twin thinkers. You're also twin losers. Just complainers who never have anything positive to add. I'm sure you can be his first mate. The way he is going, you'll be the only two on his boat. Not a good way to attract customers, is it?
Jack Kennell February 27, 2014 at 07:35 PM
A Palanchi knows how to open a can of worms with the school administrator pensions. At about the time the previous Boro school superintendent retired, the NJ SCI (Commission of Investigation) published a report entitled "TAXPAYERS BEWARE - An Inquiry Into Questionable and Hidden Compensation for Public School Administrators" At that time as I recall there were numerous OPRA requests to the Boro school district related to that very subject, all of which were denied or "stonewalled". That was an early retirement example. An example of a legitimate senior retirement was the Manasquan superintendent with pension $142K, but yet at the age of 75 they put her back to work in the field of education with an additional salary well over $100K! This is getting a little ridiculous here. What about jobs for the younger unemployed people? The existence of "Rick Ricky" type persons means there still is hope.

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