N.J. Gov. Chris Christie’s administration has released more detailed information about Christie’s plan to shift the bulk of benefit costs to the hands of public employees.
Savings are estimated at $870 million.
NJ.com has a lenghty report on Christie’s plan, which includes increased employee contributions, tiered plans and higher copays.
State employee health benefit contributions would increase over three years, with the following steps:
Employees would pay 10 percent of premiums this July
Employees would pay 30 percent of premiums by July 2014
New workers would immediately pay 30 percent
State employees currently pay 1.5 percent for their medical benefits. Payouts for current retirees won’t change, but post-retirement health coverage would be available after 30 years of work, not the current 25.