NJ A4578

Requires State and local government employers to share retiree health benefit costs proportionally when a retiree worked for multiple public employers during their career, with each employer paying a pro rata share based on the employee's period of service with that employer.

Applies to retirees who qualify for employer-paid health benefits and were employed by more than one State or local government entity, institution of higher education, or are retirants of a State-administered retirement system.

Local government entities that have not opted to provide employer-paid health benefits coverage in retirement are not required to contribute to coverage costs under this bill.

Existing binding collective negotiations agreements in effect prior to the bill's enactment are not altered by these provisions.

Takes effect 180 days after enactment, with the State Treasurer authorized to take anticipatory administrative actions before the effective date.