The New Jersey Pension/Health Benefits Reform and its Impact on Public Employers

Publication: GB LAW View the article The New Jersey Legislature recently passed a series of bills, collectively known as the “Pension/Health Benefits Reform Legislation,” which will significantly impact public employers and employees alike.  The Pension/Health Benefits Reform Legislation was introduced to address the rising cost of taxpayer funded pension and healthcare benefit costs.  Our firm’s labor attorneys have reviewed the legislation and have prepared this summary to keep our clients and colleagues informed of the new developments. Please take note that these changes will take affect on or about May 21, 2010.