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June 24, 2011

Chris Christie Wins....NJ Legislature Passes Public Employee Benefit Reform

The unions won too, they are just too stupid and greedy to know it.

Unions have blasted the bill for ending their ability to collectively bargain their medical benefits. Health care plans for 500,000 public workers would be set by a new state panel comprised of union workers and state managers, rather than at the negotiating table. A sunset provision would allow unions to resume collective bargaining after increased health care contributions are phased in over four years.

In addition, police officers, firefighters, teachers and rank-and-file public workers would all pay more for their pensions and health benefits.

Supporters of the bill say the state needs to cut costs because the pension and health systems are underfunded by more than $120 billion total. The Christie administration estimated the bill would save $3 billion in health benefits over the next 10 years and $120 billion in pension costs over 30 years. Much of the pension savings are from the controversial elimination of the cost-of-living adjustments for retirees, which unions have threatened to challenge in court.

Now that he's achieved his major priority, he's got some free time on his hands, right? I hear Iowa and New Hampshire are lovely this time of year.


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posted by DrewM. at 10:55 AM

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