TEANECK, N.J. -- Teaneck employees who choose to waive health insurance coverage soon may only receive a maximum of $5,000 in payment from the township if an ordinance introduced by the Teaneck Council is adopted, according to NorthJersey.com.
The issue came before the council after an audit of Teaneck's 2014 finances identified 18 employees who were improperly receiving stipends for declining health insurance benefits costing the township millions of dollars, said NorthJersey.com.
One councilman wanted to do away with the stipend entirely, but other council members pointed out that doing so might push them to take the township's insurance, which would cost more, reported NorthJersey.com. Currently, 27 employees receive payments for waiving the health insurance, added NorthJersey.com.
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