.
News Alert
SEASIDE HEIGHTS LIVE: Video Shows How The Beach…

Retired School Official Tops Toms River '$100K Retiree' List

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

Patch File Photo
Patch File Photo
Retired Toms River Regional schools assistant superintendent Gary Cranston tops the list of eight Toms River Township and school district retirees who collected $100,000 or more 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."

In Toms River, Cranston collects $120,483 per year, or $10,040 per month, in pension payouts, according to the report. That is just slightly more than the second-most paid retiree, former Superintendent Frank Roselli, who makes $114,210 per year, or $9,518 per month.

The other individuals on the list are:

  • Vincent Pedalino, municipal, $107,419/year; $8,952/mo.
  • Michael T. Dorick, municipal, $106,440/year; $8,870/mo.
  • William Cardone, school district, $103,256/year; $8,605/mo.
  • Jeffrey Kettig, municipal, $101,952/year; $8,496/mo.
  • Steven Gerding, municipal, $101,426/year; $8,452/mo.
  • Loring Dunton, municipal, $100,018/year; $8,335/mo.
charlotte February 25, 2014 at 06:21 PM
$100K public pensions PLUS $100K PLUS salaries are not uncommon WITHIN his administration. Yet - the NJ AG spends time trying to prevent retired teachers from substituting for $75 a day? Why - so they can contract this out to a corporate vendor?
Barbara February 26, 2014 at 07:05 AM
This is criminal. How much money does a person really need? I guess money equals power and that is the only power they have left in their lives. Revamp the system!
grace March 07, 2014 at 05:10 PM
thanks mike you have set your pals up really well for the rest of thir lives,,oh and thanks for their kids jobs too
grace March 07, 2014 at 05:10 PM
welcome to toms river barbara

Boards

More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something
See more »