New Jersey's top fiscal officer says the state will make a half-billion-dollar payment to the pension fund when the law requires.
Gov. Chris Christie has proposed paying the $506 million early, but only if the Legislature agrees to raise the retirement age and require workers to pay more toward their pensions.
Treasurer Andrew Eristoff told a Senate Budget panel on Monday the administration intends to make the payment required in the 2012 fiscal year even if reforms aren't enacted.
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