New Jersey passes pension and health reform for state workers 

Chris Christie is one of the few Republican governors in the country dealing with a Democratic legislature, but he was able to secure passage of a bold pension and health plan.

Although Democrats have a 47 to 33 majority in the assembly — and a majority of Democrats opposed the deal — the bill passed by a vote of 46 to 32. The state senate, controlled 24 to 16 by the Democrats, passed a reform package earlier this week on a 24 to 15 vote.

“It’s an example of bipartisanship that the president and Congress can only aspire to,” Christie said. He hailed the Legislature’s Democratic leaders. “I would not have been able to achieve this for New Jersey without the Senate President Steve Sweeney and the Speaker of the Assembly Sheila Oliver. Everybody came together, put party aside.”

When a reporter asked Christie what President Barack Obama and members of Congress could learn from New Jersey’s success in debt negotiations, he replied: “First, the president can show up. I mean you know, you can’t negotiate through a secondary person. And with all due respect to the vice president, the president’s got to show up. And I spent hours and hours and hours with the Senate president and the speaker personally in my office over weeks negotiating this.”

The reform will save the state more than $120 billion over 30 years, according to Christie’s administration. In order to require state employees to pay more for health and pension benefits, the bill rolls back collective bargaining for benefits for four years while a new state panel comprised of union workers and state managers establishes new health care plans.

State workers will have more plans with varying levels of costs and coverage to choose from. The bill also raises the retirement age to 65 for new workers, ends cost of living adjustments to pension plans until the pension fund is healthy, and establishes new Plan Design Committees comprised equally of management and labor leaders to manage individual pension funds. No fund will be allowed to fall below a healthy level of funding, according to Christie’s office.

This article appeared in The Weekly Standard.

About The Author

John McCormack

Pin It

Speaking of...

More by John McCormack

Latest in Guest Columns

Saturday, Oct 22, 2016


Readers also liked…

Most Popular Stories

© 2016 The San Francisco Examiner

Website powered by Foundation