Making PFRS and SPRS earnings tests match those used in PERS and TPAF so PFRS and SPRS members will not be able to earn more than the difference between their disability allowance and the projected salary they would have earned had they remained in police/firefighter employment.
The cost for operating New Jersey’s health care benefits program for public employees and retirees has risen to the point where it is threatening the ability of State and local government to fund critical priorities and bring rising deficits into line.
Today, the unfunded liability shared by the State and local governments for the future health care costs of retired public employees has grown to $67 billion, even greater than their shared liability for future pension costs.
NJ is 4th Highest in U.S. in Combined Pension & Debt Burden (Per Capita)
$1 0,00 0
Combined Pension & Debt Burden (Per Capita)
Source: “Special Co mment: Co mbining Debt Pensio n Liab ilities of U. S. States Enhances Co mparability” Mo ody’s Investo rs Serv ice, January 2 6, 2011
Governor Christie has proposed a comprehensive reform package that will transform New Jersey’s bloated and antiquated benefits system, restore the state’s fiscal health and protect its future prosperity. New Jersey now spends $4.3 billion annually on public employee and retiree health care costs while public