Ex-Toms River Superintendent Ritacco could still collect thousands

Michael Ritacco, the former superintendent of Toms River schools, could still get thousands for his retirement even if he is convicted of fraud and bribery.The

TOMS RIVER - Michael Ritacco, the former superintendent of Toms River schools, could still get thousands for his retirement even if he is convicted of fraud and bribery.

The former superintendent of one of New Jersey's largest school districts submitted his letter of retirement the same day he was arrested.

If Ritacco is convicted, his $155,000-a-year pension would be forfeited, but legally he could still rake in more than $53,000 for unused sick days and vacation time, as per his contract.

Frank Roselli, one of Ritacco's former assistant superintendents, has taken over as the interim superintendent of schools in Toms River.

Toms River superintendent announces retirement after arrestToms River BOE: Ritacco will keep job Report: FBI search may involve insurance contracts FBI raids Toms River BOE, superintendent's home

Michael Ritacco Indictment

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