Post by Logan on Feb 12, 2016 1:16:39 GMT -6
Christie pension commission calls for N.J. public worker health care cuts
TRENTON — A bipartisan commission appointed by Gov. Chris Christie on Thursday released a more detailed plan to drastically reduce New Jersey's public employee pension and health care costs.
It's been a year since the commission first introduced its sweeping plan to reinvent government workers' benefits. At first, Christie sold the plan around the state, but that campaign gave way to his presidential one.
The latest report confirms state and local governments can save billions of dollars by moving workers onto less generous health care plans, commission members said.
The proposal calls for freezing the pension system and moving active public employees onto a cash balance retirement plan, but it hinges largely on reducing health care costs to free up cash.
Read more: www.nj.com/politics/index.ssf/2016/02/christie_pension_commission_calls_for_public_worke.html
TRENTON — A bipartisan commission appointed by Gov. Chris Christie on Thursday released a more detailed plan to drastically reduce New Jersey's public employee pension and health care costs.
It's been a year since the commission first introduced its sweeping plan to reinvent government workers' benefits. At first, Christie sold the plan around the state, but that campaign gave way to his presidential one.
The latest report confirms state and local governments can save billions of dollars by moving workers onto less generous health care plans, commission members said.
The proposal calls for freezing the pension system and moving active public employees onto a cash balance retirement plan, but it hinges largely on reducing health care costs to free up cash.
Read more: www.nj.com/politics/index.ssf/2016/02/christie_pension_commission_calls_for_public_worke.html