Recent comments in /f/newjersey

whyreallywhy t1_j8t4gwu wrote

You are right! I left out $50K from that quick and dirty write up!

The towns pay a matching 10%of the salary to PFRS, so to make the numbers easy 100K a year the town actually pays $110K for that person and the individual also pays 10% of the $100 into the PFRS pension fund meaning their taxable income is $90K as it is a pre tax deduction. Once they retire the town doesn't pay anymore for thay individual, but then only pays 10% of the new $50 salary, so thay is why "pension buy backs" where incentives for people to retire early are given as it is a more expensive payment for senior members than newer members.

It's okay to be mad about what they make, just make sure to be informed mad!

Or you know possibly get mad at the system that is grossly underpaying you. Unionize! Take the power away from the rich!

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SeriouslyDough282 OP t1_j8t07zc wrote

Yeah we suspected. My partner was excited about the prices so I reached out for due diligence. It's a more humble neighborhood from what we can tell and we like diversity so these things were attractive to us. Knowing it's lower priced without understanding what exact factors contribute makes it hard to parse through. Like schools are important to us so it's definitely a factor. Safety and quality of life are as well.

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SeriouslyDough282 OP t1_j8szp79 wrote

I appreciate that! We actually are looking in Rockaway but were wondering if Dover was also a good candidate. The other factor is that the more West we go, the farther we are from our folks. We're actually focusing in on central Morris county I think for the most part. Thanks for the input!

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