Atlantic City schools must pay $3 million into state pension fund for improperly boosting retirement packages - Press of Atlantic City: Communities

Atlantic City schools must pay $3 million into state pension fund for improperly boosting retirement packages

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Posted: Saturday, December 4, 2010 12:00 am

The Atlantic City School District must pay nearly $3 million to the state's pension fund after the board of trustees for the Teachers' Pension and Annuity Fund on Thursday denied the school district's appeal of charges that it improperly encouraged early retirements by using special financial incentives.

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