Rutgers and other colleges could save $90M with one change. Will lawmakers move on it?

The simple fix? Enact legislation to create a fringe insurance rate annually specifically for higher education.




New Jersey’s research universities overpay tens of millions of dollars each year for benefits that their employees don’t even receive, Rutgers President Jonathan Holloway told the state Senate Budget and Appropriations Committee Tuesday.

The legislature could change how it provides benefits like health insurance and pensions for research universities, saving Rutgers $73 million, he said. Adding in the state’s other research universities — New Jersey Institute of Technology, Rowan, Montclair State, and Kean — would increase the savings to $90 million.

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