Sweeney Proposes Plan to Save State Money

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Some of New Jersey's lawmakers have made recommendations for government overhauls, including of the state's pensions and school systems in order to save the state money.

Senate president Steve Sweeney and the New Jersey Economic and Fiscal Policy Workgroup unveiled their report at the State House on Thursday.

Recommendations included shifting new state and local workers from a defined-benefit pension to a 401-k style plan as well as cutting benefits for retirees.

They are also calling for merging school districts into regional systems that would go from kindergarten to 12th grade.

Under the current system roughly 300 of the state's more than 600 districts range from Kindergarten to Fourth Grade up to Ninth grade.

The report, however, does not specify how much the changes would end up saving taxpayers.


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