Christie says pension system could go broke by 2020

Gov. Chris Christie says that if changes aren't made to the state pension system it will go broke by 2020.Christie's $29.4 billion budget proposal calls

WEST DEPTFORD - Gov. Chris Christie says that if changes aren't made to the state pension system it will go broke by 2020.

Christie's $29.4 billion budget proposal calls for the Democratic-controlled Legislature to enact major changes to public employees' pension and health benefits.

Christie told a crowd of more than 400 at a West Deptford town hall meeting yesterday that his reforms are necessary if they want to see their property taxes stay level or go down.

In his budget message earlier this week, the governor said he'll make an early contribution to the state's pension system if the Democratic Legislature agrees to his pension reform plan. He also said he'll double property tax rebates for some New Jerseyans if the Legislature adopts his health benefit reforms.

Assembly Democratic spokesman Tom Hester Jr. accused the governor of creating political theater in trying to use seniors and disabled as pawns against state workers.

AP wire services contributed to this report.

advertisement | advertise on News 12

Trending Video

The Jewish community center in Edison was evacuated 1 JCC in Edison temporarily evacuated after bomb threat
87-year-old Inge Goldstein poses with a sign she 2 Women's March event to be held in Pompton Plains
Jersey City police looking for shooter after bullets 3 Bullets strike one person, NJ Transit bus in Jersey City
Jersey City police looking for shooter after bullets 4 Bullets strike one person, NJ Transit bus in Jersey City
A make-shift memorial sits at the site where 5 Shooting leaves 3 dead in Jersey City

advertisement | advertise on News 12

Features

It's good to know you have Walt Kane Kane in Your Corner

It's good to know you have Walt Kane in your corner.

News 12 takes a look at the hottest Tech Check

Eric Landskroner has a look at the latest gadgets and biggest stories in tech.

News 12 On the Scene

Check out these exclusive videos from New Jersey celebs!

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE