Trustees of the Public Employees’ Retirement System must vote a second time on a plan to increase pension contributions by prosecutors from 7.5 percent to 8.5 percent of their salary — and this time must give proper notice to prosecutors.
The Appellate Division ruled Monday that a vote taken last year without notice to PERS’s Prosecutors Part violated due process, since state and county prosecutors have a private monetary interest in the proposed plan. Pension contributions are deducted from their salaries and there is potential for deprivation of that interest if the proposed plan is mathematically incorrect or actuarially unsound.
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