New Jersey can save more than $2 billion annually by reducing health benefits for public pensioners, according to a new report released Thursday by a panel appointed by Gov. Chris Christie to look at the state's pension funding crisis.
Police unions across the U.S. are pushing for officers to be able to collect workers' compensation benefits if they suffer post-traumatic stress disorder, whether they got it from the general stress of police work or from responding to a deadly shooting rampage.
AOL Corp. CEO Tim Armstrong has abandoned an unpopular plan to delay company contributions to employee retirement accounts and apologized for citing two high-cost births as part of the impetus for the plan.
Nationwide, according to a survey by Mercer in Princeton, the average cost of health benefits for employees increased in 2012 by 4.1%, the smallest amount in 15 years. In New Jersey alone, though, health coverage climbed 6.6%, and the growth should continue in 2013.
According to the National Survey of Employer-Sponsored Health Plans, conducted annually by Mercer, growth in the average total health benefit cost per employee, which had reached 6.9% last year, slowed in 2011 to 6.1%, with an increase of 5.7% expected for 2012.