Gov. Christie Proposes More Pension Reforms

GLOUCESTER TOWNSHIP, N.J. (AP) — New Jersey Gov. Chris Christie wants to make public employees pay more for their health and pension benefits.

Christie on Tuesday proposed rolling back a 9 percent benefit increase granted a decade ago. He would also require public workers to contribute 8.5 percent of their salaries toward retirement and would raise the retirement age to 65 for teachers and state workers.

Christie says pension and health benefits reforms are needed to keep the state’s pension systems solvent long-term.

He laid out his plan during a town hall meeting in Gloucester Township at a senior center jammed with more than 150 people.

The pension system is $46 billion shy of liabilities.

Democratic Senate President Steve Sweeney says the Senate won’t consider additional reforms until the state stops shorting the system and begins making its annual payment.

The state skipped a $3 billion payment this year.

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One Comment

  1. Tom A. says:

    Currently retired teachers made their required pension payments, 5 percent or more from every single paycheck, during their entire careers – 35, 40, years, and sometimes more. The state has missed its required pension contributions for years and years. Now that’s the real problem! Who has such a luxury of not paying your bills for years at a time?

  2. Maryann says:

    Stop giving pensions to elected officials who only hold office for 4 years and collect a pension. If you don;t have 25 years in the system you don;t get a pension.

    Also I f Whitman had not started robbing the pension and the governors since her the system wouldn’t be in this mess. Now you are going to peniliaze the retirees who gave their 25 yrs of service or more and make them make more sacrifices.

  3. jeff says:

    the bully governor could balance the budget by skipping a meal or two.

    1. Barbarella says:

      Now isn’t that sweet? You’ve just proved that your head is firmly up your keester.
      Don’t you get it? There are state MVC employees in Ocean County who were eating up the overtime faster than a speeding bullet. Now, with the elimination of overtime, the primadonnas are now gobbling up the “comp time” as though it were their last supper. I’m hoping the Gov reads this and puts an end to their scheme in that agency as well. I’m fed up

    2. Tom says:

      I love when people have no real basis to form an valid response, they resort to tossing around meaningless insults.
      Christie is doing what should have been done a long long long time ago

  4. porbit28 says:

    Gov. Christie is the first NJ Gov. in years to have his head on straight about state pensions. Sen. “Leader” Sweeney seems to have his firmly lodged elsewhere,

Comments are closed.

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