Speaker Oliver on Passage of Pension Reform Legislation (A-2459, A-2460, A-2461)

In this video press release, Assembly Speaker Sheila Y. Oliver (D-Essex) discusses the General Assembly's passage of three bills that would reform New Jersey's pension and health benefits system, including one measure that would save local governments and schools $314 million in the fiscal year starting July 1.

The bills:
1. Make numerous changes to public worker health benefits, mainly by requiring all public employees to pay at least 1.5 percent of their salary toward health benefits after the expiration of a current contract (A-2460), sponsored by Oliver and Assembly Republican Leader Alex DeCroce (R-Morris). It passed the Assembly 66-3-6;

2. Make numerous changes to other public employee benefits, mainly by limiting sick leave payouts for all new local and school employees (A-2459), sponsored by DeCroce and Oliver. It passed 73-2-1; and

3. Make numerous changes to public worker pensions, including amendments to ensure the pension system remains financially stable for taxpayers and public workers (A-2461), sponsored by Oliver and DeCroce. It passed 62-5-9.

The bills were signed into law Monday by Gov. Chris Christie.

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[mastersigidi]

im glad Ms. Oliver can explain the long term effects of governmental debating from both parties...and come to some common agreements.