Unveiling $34B Budget, Christie Urges More Pension Reform

Law360, Harrisburg (February 25, 2014, 5:06 PM ET) -- New Jersey Gov. Chris Christie on Tuesday introduced a $34.4 billion budget with no new tax increases and urged lawmakers to combat the “exploding” costs of public employee pensions and benefits because sweeping reforms in 2011 purportedly don't go far enough.

The Republican governor and Democrat-controlled Legislature partnered to raise retirement ages for the pension systems and increase employee contributions. While those efforts are projected to save state and local governments $122 billion over 30 years, they only started to remedy the mistakes of past governors...
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