
Obamacare Will Burst N.J. Benefits Bubble
Aug. 14
By Matt Rooney | The Save Jersey Blog
Governor Christie is on the Ocean City Music Pier today pushing for another sweeping round of public employee benefit reforms, Save Jerseyans.
It’s timely.
You know what the pension numbers look like because you’re a regular reader. That being said, our obnoxiously gigantic $40 billion in unfunded pension liabilities is eclipsed only by a public employee health benefit program that’s $47 billion in the red. What else could you expect from a state with roughly 81 government employees per square mile?
But it’s not simply a matter of how many people are drawing pensions and health benefits, retired and active. Nope. It’s how much each plan costs! A new report from the nonpartisan Pew Charitable Trusts and the MacArthur Foundation released Wednesday discovered, unsurprisingly, that our state’s public employee health benefits are the highest in the nation – $1,334 on average – as opposed to $963 nation-wide.
Assembly Republican Budget Officer Declan O’Scanlon (R-Monmouth) seized upon the reports release to reaffirm the importance of Governor Christie’s newly-convened reform study commission. “Offering benefits at a fair cost to dedicated public employees is the right thing to do,” added O’Scanlon. “Providing Rolls Royce coverage that taxpayers cannot afford is unacceptable. Under this scenario, everyone loses.”
– See more at: https://savejersey.com/2014/08/health-benefits-public-employee-new-jersey/#sthash.OnaWnpOg.dpuf