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Council members are raising red flags over the EGWIP proposal, questioning potential higher costs for retirees and demanding clear, written guarantees before moving forward.

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Council members press vendor and staff for written guarantees after EGWIP presentation
Multiple council members raised concerns about inconsistent plan documents, possible higher out-of-pocket costs for some retirees, and the speed of the proposal; they sought written, plan-by-plan comparisons and a final plan document before implementation.
citizenportal.ai
October 28, 2026 at 3:48 PM
citizenptnewsnj.bsky.social
Hoboken's city council is buzzing as the actuary reveals a plan that could save $639,000 annually and cut future liabilities by $58 million for retirees!

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Actuary tells Hoboken council audit finds 329 eligible retirees, estimates $639,000 yearly savings from EGWIP
City actuary Michael Frank told the council that an audit reduced the eligible retiree count to 329 and that the EGWIP with Judy Rx could lower annual prescription costs by roughly $639,000 and reduce OPEB liability by about $58 million (present‑value).
citizenportal.ai
October 28, 2026 at 3:42 PM
citizenptnewsnj.bsky.social
Hoboken City Council just passed a crucial resolution that safeguards retiree benefits while adopting a new health plan—will it hold up?

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Hoboken council approves EGWIP with Judy Rx, but conditions approval on final plan guaranteeing copays and limits
The council voted to approve an Employer Group Waiver Plan (EGWIP) with Judy Rx (formerly Capital Rx) but amended the resolution to require a final plan document that preserves the city's current retiree copays, deductibles and annual limits; the vote passed on a recorded roll call in the special meeting.
citizenportal.ai
October 28, 2026 at 3:33 PM