NJ Appeals Court Overturns Denial Of Mayor's Pension Bid

Law360, New York (December 20, 2012, 3:17 PM EST) -- A New Jersey appeals court on Thursday overturned the state pension board's denial of a public transportation employee's retirement application because he still served as mayor of a New Jersey town, ruling that a state law prohibiting such activity was enacted after he submitted his application.

When Francis Chiarello became an employee of the South Jersey Transportation Authority and was elected mayor of Buena Vista Township, N.J., state law permitted his retirement from the SJTA without surrendering his mayoral post and remained unchanged when he filed...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.