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NJ Treasury officials sound alarm about health benefits for local government employees

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NJ Treasury officials sound alarm about health benefits for local government employees



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New Jersey Treasury Department officials are warning about rising costs and spiraling structural deficiencies in the State Health Benefits Program, which provides health care coverage used by hundreds of thousands of state and local public employees.

In a report released May 20, Treasury officials say the program is facing challenges because rising costs of health care coverage are driving some local governments to seek cheaper benefits alternatives. That exodus is creating what Treasury officials call a “systemic unraveling” of the SHBP.

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There are 689 local government agencies using the State Health Benefits Program, and participants have seen premiums increase by nearly 60% since 2022, the report says. The plan covers more than 700,000 public employees statewide.

Premium increases are expected this year as well.

What does the report say?

The local government plan — the portion of the SHBP that covers local government employees — faces legitimate financial concerns right now, the report notes.

In October 2024, Gov. Phil Murphy signed legislation to allow funds to be temporarily transferred from the state plan to the local government plan to cover shortfalls. In five months, transfers of $258 million were approved. About $138 million has been repaid, and an outstanding balance of $120 million remains.

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The plan faces what actuaries refer to as a “death spiral,” the report says.

“This dynamic arises when the financial sustainability of a health benefits program deteriorates in a self-reinforcing cycle, each worsening cycle compounding the next,” it says.

As healthier local governments leave the plan for cheaper options, those left behind with higher medical use see premiums go up. This leads to more local governments leaving the plan. In turn, having fewer participants leads to a smaller buffer to mitigate premium spikes, actuarial losses or cash flow needs, the report explains.

About 45% of the state’s 1,200 eligible local public entities are currently using health benefit programs outside the state’s plan.

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This is “not merely facing a financial problem” but a “structural unraveling that, left unaddressed, will lead to collapse,” Treasury officials say in the report.

What comes next?

With the report, prepared at the direction of the administration of Gov. Phil Murphy, Treasury is urging the Legislature to intervene. That said, the report doesn’t make any specific recommendations as to what comes next but offers policy options because of the urgent nature of the problem.

Even the options provided have no real time frame of implementation but rather depend on the specific initiatives considered by the Legislature.

Those options include a “phased and orderly closing” of the local government health benefits plan to allow “local entities to transition into self-governed collectives.”

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Alternative policy options for short-term stabilization could also be implemented, but they “will not fully resolve the structural deficiencies or halt the death spiral.”

They include a installing a minimum lock-in period of three to five years for agencies participating in the program, reforming the Plan Design Committee to include a delegated authority to the treasurer or director of the Division of Pensions and Benefits so that routine plan changes could be made, and rebuilding the claims stabilization reserve to the recommended two-month level.

“These short-term measures are independent of the more comprehensive solution of dissolution,” the report said. “The simultaneous introduction of all of the three short-term measures will have a cumulative positive effect, since governance modernization alone cannot succeed.”

Katie Sobko covers the New Jersey Statehouse. Email: sobko@northjersey.com



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Sources: Police shoot and kill suspect with knife, three others found dead in NJ home

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Sources: Police shoot and kill suspect with knife, three others found dead in NJ home


Police shot and killed a knife-wielding suspect outside a home in Piscataway, where three people were later found dead, according to the New Jersey Attorney General’s Office.

The incident occurred near the intersection of Mitchell Avenue and River Road. Police responded to the scene after receiving a 911 call from a man reporting that someone was inside the home with a knife. Upon arrival, officers saw the suspect on the porch holding a knife.

The man, whose identity has not been released, fled from the porch, leading to a foot chase that ended when the suspect charged at the officers, according to law enforcement sources. Police attempted to subdue the suspect with Tasers, but they were ineffective, sources told News 4.

After the suspect continued to advance toward the police, the responding officers fatally shot him in the street.

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“They told him to stop several times; they gave him commands to stop,” said Jessica Conroy, a resident of the area.

Following the shooting, officers discovered three other deceased individuals inside the home. The Middlesex County Prosecutor’s Office is investigating their deaths.

“This is a really nice neighborhood,” Conroy told NBC New York. “I never saw anything bad at the other house.”

The identities of the civilians and officers involved have not yet been released.

The police investigation is ongoing.

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NJ man finally faces quadruple murder trial, accused of killing brother’s family in Colts Neck fire horror

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NJ man finally faces quadruple murder trial, accused of killing brother’s family in Colts Neck fire horror


⚖️ Paul Caneiro is finally on trial, years after a brutal quadruple homicide and house fire stunned Monmouth County.

⚖️ Prosecutors say Caneiro murdered his brother, sister-in-law, and their two children in Colts Neck, then set multiple fires to cover it up.

⚖️ Years of delays: Attorney changes, legal motions, COVID disruptions, and appeals pushed one of NJ’s most notorious murder cases to this moment.


A New Jersey man accused of killing his brother and his family before setting their Monmouth County house on fire is finally facing trial.

Paul Caneiro was dealt a string of criminal charges, including four counts of first-degree murder, for the family massacre at a sprawling Colts Neck home more than seven years ago.

Keith Caneiro’s body was discovered on the front lawn by a landscaper two days before Thanksgiving in 2018. The bodies of Caneiro’s 45-year-old wife, Jennifer, and two children, 11-year-old Jesse and 8-year-old Sophia, were recovered from the wreckage.

Paul Caneiro was also accused of setting his own Ocean Township home on fire while his own family was inside.

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The trial has been held up for years as Paul Caneiro’s rotating defense attorneys have filed repeated motions. He has maintained his innocence.

Here is a round-up of the harrowing deaths and what we know so far about the case.

Caneiro quadruple murder trial gets underway in 2026

After a Colts Neck house fire in 2018, the Caneiro family was found killed (Screenshot: CBS New York via Youtube)

Gruesome discovery of the Caneiro family, killed in Colts Neck

Keith Caneiro, 50, was shot four times in the head and once in the torso, before his lifeless body was recovered from his front lawn in Colts Neck.

His wife was shot in the head and stabbed in the torso, her body found near the stairs to their basement.

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Their 11-year-old son was found in the kitchen, stabbed in the torso and arm, according to a 2019 lawsuit filed by Vlassis Karidis, Jennifer Caneiro’s father.

According to the lawsuit, based on a medical examiner’s findings, the youngest victim, Sophia, was the last to die and was still alive while the house was engulfed in flames, leading to lung damage and smoke inhalation that factored into her death.

She was found on the stairs leading to the second floor with stab wounds. The autopsy suggests that she suffered before she died based on an increase in white blood cells.

“Sophia survived her parents albeit with multiple stab wounds for an unimaginable period of time but demonstrably long enough to experience breathing difficulty and onset of high-degree stress,” the lawsuit says.

Karidis’ suit has been stayed for several years, pending the outcome of this criminal trial.

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Read More: Lawsuit says girl, 8, suffered most in Colts Neck family homicide

 

Caneiro quadruple murder trial gets underway in 2026 – FILE photo of accused quadruple killer Paul Caneiro Monmouth County Prosecutors Office

FILE photo shared in 2018 of accused quadruple killer Paul Caneiro (Monmouth County Prosecutor’s Office)

Caneiro brothers as business partners, before being accused of fraud

Keith Caneiro started an IT consulting firm in 1989 and brought in his older brother with a 10% ownership interest, according to the 2019 lawsuit filed by Karidis, which also says the brothers took over a pest control company in 2011.

Attributing statements and messages shared with attorneys, the lawsuit said Keith and Jennifer Caneiro had accused Paul Caneiro of stealing tens of thousands of dollars from them and the businesses that the brothers held.

The night before he was killed, Keith Caneiro forwarded a company email stating that Paul Caneiro would no longer be paid his $225,000 salary, citing money missing from the business accounts, according to the lawsuit. The litigation is on hold pending this criminal trial.

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In separate emails and messages cited by the lawsuit, Keith had said he was working to sell his companies and pursue a new position in order to be done dealing with his older brother.

About eight months before her brutal death, Jennifer Caneiro told her sister that her brother-in-law, that Caneiro had stolen thousands intended for her children’s trust and education funds, some of which he deposited into his own children’s education funds or used to pay down student loans.

The lawsuit also said that the Caneiros had voiced concerns to other family and friends about Paul Caneiro charging “excessive and improper personal expenses” to credit cards held by the businesses that he worked at with his brother.

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Prosecutors say Paul Caneiro set two fires to cover up murders

The Colts Neck fire was reported around 1:30 p.m on Nov. 20, 2018, on Willow Brook Road. Investigators have said they believe Caneiro first killed his relatives and set the fire in Colts Neck before returning to his home about 5 a.m.

Prosecutors said the fire at Caneiro’s own house was both a “ruse” and an effort to destroy evidence that he had taken from the Colts Neck scene.

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CBS New York shared helicopter footage of the Colts Neck fire as it was still being put out in 2018, as posted to YouTube.

The once-million-dollar property was cleared of the burned-out wreck by a demolition crew in 2020, Asbury Park Press reported.

Caneiro quadruple murder trial gets underway in 2026 – Paul Caneiro in court in 2018 CBS New York via Youtube

Accused four-time killer, Paul Caneiro in court in 2018 (Screenshot: CBS New York via Youtube)

Why the Caneiro quadruple murder trial took more than seven years

Paul Caneiro started with a public defender before using several prominent defense attorneys in the following years. In February 2025, Monika Mastellone took over as defense attorney.

In December 2018, the Monmouth County Prosecutor’s Office had already said that a trial might not get underway until 2020. That was before the COVID-19 pandemic wreaked havoc on all court proceedings.

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The state Supreme Court agreed in September to hear prosecutors’ appeal on one of Superior Court Judge Marc Lemieux’s rulings on evidence in the case, pushing jury selection to this month.

Last month, the state Supreme Court ruled that prosecutors can use a digital video recorder as evidence in Caneiro’s trial, despite it being taken without a warrant issued, NJ.com reported.

Seven years ago, CBS New York shared video of Caneiro’s first court appearance.

25 True Crime Locations: What Do They Look Like Today?

Below, find out where 25 of the most infamous crimes in history took place — and what the locations are used for today. (If they’ve been left standing.)

Report a correction 👈 | 👉 Contact our newsroom

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All 31 convicted killers pardoned by Gov. Murphy

Since December 2024, Gov. Phil Murphy has granted clemency to 283 individuals convicted of various crimes. Of those, 31 have been pardoned and released early from state prison after they were convicted of murder and aggravated manslaughter. After their release, each killer is subject to five years of parole supervision.

Gallery Credit: Rick Rickman





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Hischier | POST-RAW 1.4.26 | New Jersey Devils

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Hischier | POST-RAW 1.4.26 | New Jersey Devils


NewJerseyDevils.com is the official web site of the New Jersey Devils, a member team of the National Hockey League (“NHL”). NHL, the NHL Shield, the word mark and image of the Stanley Cup and NHL Conference logos are registered trademarks of the National Hockey League. All NHL logos and marks and NHL team logos and marks as well as all other proprietary materials depicted herein are the property of the NHL and the respective NHL teams and may not be reproduced without the prior written consent of NHL Enterprises, L.P. Copyright © 1999-2025 New Jersey Devils and the National Hockey League. All Rights Reserved.



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