New health care plans for teachers should result in big savings for the state

New Jersey’s teachers and school employees will pay less for their health insurance coverage now that a health care overhaul bill won final legislative approval and has the support of Gov. Phil Murphy. Proponents say the bill will save hundreds of millions of dollars annually, which would benefit taxpayers.

Meantime, Murphys says the state could save $100 million through the furlough agreement it reached with the CWA, Communications Workers of America. Tens of thousands of workers will be furloughed for an average of 10 days through July. They’ll also see some pay raises delayed. The CWA says the agreement will save thousands of jobs as it calls for no layoffs.

State government offices are forced to cut expenses now that New Jersey’s budget for the next three months has been signed into law. Most departments will see their operating expenses reduced by 5%. But the budget does include money to modernize the technology used by the state’s unemployment platforms, to address the processing delays of unemployment claims.