POLITICS

NJ Gov. Christie Supports Cuts to State Workers’ Pension

 (by Pat Fillows)

On Wednesday, New Jersey Republican Gov. Chris Christie endorsed a plan recommended by  the New Jersey Pension and Health Benefit Study Commission.

Gov. Christie says he’s hopeful that Democratic Gov.-elect Phil Murphy will embrace the and follow through with the commission’s reccomendations.

Gov. Christie has previously called for an end to, or significant reduction in, generous retirement health benefits.

Christie has faced resistance, however, from the Democrat-led Legislature and unions, including those representing state workers and teachers.

The cut the to the state’s public worker retirement benefits and enactment of a constitutional amendment to commit the state to pension payments could scale back the backed the unfunded liability that has grown from roughly $80 billion in 2014 to $90 billion currently.