Gov. Christie announces breakthrough with teachers union
STORY CREDIT: Matt Arco – NJ.com
TRENTON — Gov. Chris Christie is expected to announce today he’s teaming up with an unlikely ally to tackle New Jersey’s pension woes.
The governor and the state’s largest teachers union, the New Jersey Education Association, are working on “groundbreaking changes” to fix the state’s ailing pension system, Christie’s office said Monday.
Christie will also announce plans to make a $1.3 billion pension payment in the state budget that begins July 1. That payment is almost double what he put into the system for the current fiscal year, but far below what the state is supposed to contribute under the 2011 pension reform law.