On Monday, July 25, 2011 the New Jersey Division of Local Government Services issued a Local Finance Notice, 2011-20, “Implementing the 2011 Pension and Health Benefit Reforms”. This Notice is the most substantive explanation regarding details of the law that have yet to be issued by state officials. This Notice is an explanation of the impact of Chapter 78 on local unit healthcare benefit programs, including employers with the state plans, commercial insurance, health joint insurance funds, and joint and self-insured benefit programs.
Click here to review the Notice
Conner Strong & Buckelew and PERMA have held two educational webinars on the issues with P.L. Chapter 78. Additional information will be issued by Conner Strong & Buckelew and PERMA on this important new law and its impact on public entities in New Jersey. If you need specific assistance on the law and its implementation, please contact your Conner Strong & Buckelew account representative toll free at 1-877-861-3220. For a complete list of Legislative Updates issued by Conner Strong & Buckelew, visit our online Resource Center.