OPINION

N.J. governor signs bill reining in employee benefits

Townhall Staff
Townhall Staff  |  Jun 28, 2011
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TRENTON, N.J. (AP) — New Jersey Gov. ChrisChristie on Tuesday signed landmark employee benefits legislation that increases pension and health contributions paid by a half-million teachers, police and other public workers and removes the issue from collective bargaining for four years.

Mr. Christie, a Republican, said the benefits have been more generous than the state can afford and need to be scaled back. The latest actuarial figures show the pension and health care systems $110 billion short of their eventual liabilities.