NJ Gov. Creates Unit to Investigate Employee Pension Fraud

Law360, New York (August 7, 2013, 6:21 PM EDT) -- New Jersey Gov. Chris Christie on Wednesday created a new watchdog to sniff out fraud and abuse in the state's pension and benefit systems and spur civil and criminal prosecutions against violators.

Christie framed the Pension Fraud and Abuse Unit within the state Treasury Department as a companion measure to the pension reforms that he and the Democratic-controlled state Legislature hammered out in 2011. Increased public employee contributions and other changes are expected to save the state more than $120 billion over 30 years.

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