Press Release
Senator Tom Kean, Jr. Senator Tom Kean, Jr. (R-21)
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Contact: Senate Republicans / (609) 847-3600
October 5, 2011
Tom Kean: Savings from Bipartisan Pension Reform Should Be Returned to Taxpayers

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Senate Republican Leader Tom Kean issued the following statement regarding estimates released today that project up to $267 million in savings from the recently enacted pension and health care benefits reform.

“Earlier this year landmark pension and healthcare benefits reform were passed by a bipartisan coalition of legislators. That reform package is already starting to reap benefits. The projected savings for the current fiscal year is estimated to be up to $267 million.

“I am pleased that this bipartisan reform is bearing fruit so quickly. It demonstrates that the reform plans my colleagues and I have been calling for, for years, will restore fiscal responsibility to New Jersey.

“I urge local officials to return this savings to the taxpayers. The state’s long-suffering property taxpayers deserve to benefit directly from this bipartisan reform.”

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