by Organization For Economic Growth
Trenton NJ, Gov. Phil Murphy would have us believe he struck a tremendous blow for taxpayers with this new “deal” he negotiated behind closed doors with the NJEA and other public sector union heads
The deal is no bargain for taxpayers. Although there is more evaluation that needs to be done, it is clear from what we know that the alleged savings of $500 million over two years represents a tiny drop in the bucket of the $3.4 billion that state taxpayers spend for employee health care in a year.
The reported savings by the administration and the NJEA by moving retirees from traditional Medicare supplements to Medicare advantage, is supposed to save school districts $162 million next year and $110 million in 2020. That’s virtually nothing.