Quote of the DayJuly 15, 2011
Trenton ValuesJuly 15, 2011
The Atlantic City Press does the numbers on the savings from the newly-legislated health and pension premium contributions for NJ State workers, including teachers:
The new law requiring public workers to contribute more to their pensions will save [Atlantic County] local governments and school boards more than $4 million in the first year, numbers released Thursday by the Governor’s Office show. Statewide, the savings will total $43 million in fiscal 2012 and will reach a projected $43 billion over 30 years.