WHAT THEY EARN: CITY OF ASBURY PARK EMPLOYEES
Who is worth it? You decide.
In the private sector, employers in part look at an employee’s return on investment (salary vs. results / impact) when determining salaries and raises. We all know it’s very different inside government cubicles so we took a look at the salaries of Asbury Park full time employees. [more below]
For a more 360 degree view of compensation, consider that an Asbury Park employee’s benefits package also includes participation in a pension program. When you look at the salaries of the 87 employees enrolled in one pension program remember that on retirement an employee annually receives 1/55th of their salary for every year they work.
Example: if a 25-year long Asbury Park employee makes $50,000 in his last working year, he would receive around 25/55ths of his ending salary for the rest of his life – $20,000 (taxable income) annually, in this example. He along with the city paid in to the pension program for the past 25 years. If you are interested, there is a handbook for employees with a lot more info.
Eighty seven full time employees in Asbury Park participated in the Public Employee’s Retirement System in 2012 (latest available data).
Asbury Park’s police and fire department employees (131 total) participate in a different pension program. (Patrolman Keith German, arrested last week in the Operation Dead End sweep, made $90,384 in 2012 while “facilitating criminal enterprise” according to the prosecutor).
With the belief that an informed taxpayer is a more impactful citizen, click on the link below for the salaries of the 87 full-time Asbury Park employees in 2012 participating in the Public Employees Retirement System.