New Jersey Department of Education Performance Audit

From 2006 to 2010, total gross compensation at the Port Authority grew from $ million to approximately $, respectively. Of this amount, base salaries grew from $ million to $ million, a compounded annual growth rate of only . However, other amounts of compensation, (., “add‐on” compensation) such as pay associated with the vacation exchange program and certain longevity programs grew by compounded annual growth rates of and , respectively. Overtime, the largest percentage of “add‐on” compensation represents 23% of the total base pay for represented employees. Moreover, “add‐on” compensation and benefits for all active employees when combined and taken as a percentage of base salary is approximately 70%. These “add‐on” compensation costs are relatively rapid growing and tend to obfuscate actual total costs per employee being absorbed by the Port Authority. .

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