Requires proportional distribution of payment between employers for health benefit payment obligations for certain retirees.

This bill requires public employers in New Jersey to share the cost of health benefits for retirees who worked for multiple government entities, dividing the expense proportionally based on how long each employer employed the retiree. It applies to retirees who qualify for employer-paid health coverage and were employed by more than one state or local government agency or higher education institution. The law allows employers to choose whether to contribute to these costs and does not change existing collective bargaining agreements. Additionally, the bill updates rules for how certain state employees contribute to their own health coverage in retirement.