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Explaining New Jersey's New Public Pension Reforms
newjerseynewsroom.com 
Apr. 1, 2010
Excerpt: The pension system was created to provide for career public employees, and now we are returning it to that core mission. The only change any current employee will feel is the requirement that he or she contribute at least 1.5 percent of his or her salary toward the cost of health benefits -- at the start of his or her next contract. This is something most state employees already do. All other reforms being implemented -- changing the pension calculation, limiting sick-leave payouts, removing part-time workers from the system -- are prospective and will only affect newly hired employees.
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