NJ government workers rush to retirement
Wednesday, September 15th, 2010
With Governor Chris Christie proposing dramatic reforms for the public pension system, far more New Jersey government workers are filing retirement papers.
So far this year more than 19-thousand state employees and teachers have filed applications for retirement. That’s a 55 percent increase from last year.
Rutgers University public policy professor Carl Van Horn says Governor Christie’s call to change pension and health care benefits is one reason why workers who want to preserve their current benefits are leaving. But, he says there are other factors.
“With budgets being reduced and personnel being reduced the pressures on the remaining workers increase and so the environment for working in government in general has declined. The satisfaction that people get from the job and the pressures they feel have increased.”
Considering the current unemployment rate, Van Horn says the government should not have trouble attracting new workers in the short term. But he says it could be more difficult once the economy improves.