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JUL 26, 2014 - San Francisco Chronicle

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Q&A on New Jersey's public employee pensions

TRENTON, N.J. (AP) — Gov. Chris Christie says he will unveil a plan this summer to rein in public workers' pension costs, which he says are taking up too much taxpayer money. Christie's summertime town-hall style meetings are called "No Pain, No Gain" and are addressing pensions. Christie says money for pensions, health insurance and debt service crowd out the possibility of more spending on education or on granting tax cuts. In deals in 2010 and 2011, he agreed to fully fund the state's share of the pensions for current employees and over seven years to make up for unfunded liabilities ... Read More

Tags: Q&A on New Jersey's public employee pensions,  Chris Christie Latest News