NJ.com
PARSIPPANY, N.J. — Gov. Chris Christie today announced that he has formed a special bipartisan commission to study ways to further reform New Jersey’s troubled public-worker pension system — an issue that has sparked an outcry from Democrats and union leaders.
“If we don’t do more and we don’t do it now, we’ll be forced to choose between funding what matters or a bloated, unaffordable entitlement system that we couldn’t muster the will to fix once and for all,” the Republican governor said a news conference outside the town hall in Parsippany-Troy Hills.
Christie’s announcement comes as he tours the state warning that even though he and Democratic lawmakers overhauled retirement and health benefits for government employees three years ago, the system — which is underfund by more than $40 billion and growing — will ruin New Jersey’s finances if more changes aren’t made. He had vowed to introduce a plan to combat the problem by the end of the summer.
Full story: Christie creates commission to study N.J. pension reform