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NJ gov signs bill reining in employee benefits

New Jersey Gov. Chris Christie on Tuesday signed landmark legislation that increases pension and health contributions paid by a half-million teachers, police and other public workers and removes the issue from collective bargaining for four years.

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TRENTON, N.J. (AP) — New Jersey Gov. Chris Christie on Tuesday signed landmark legislation that increases pension and health contributions paid by a half-million teachers, police and other public workers and removes the issue from collective bargaining for four years.

Christie said public employee benefits have been more generous than the state can afford and need to be scaled back. The latest actuary figures show the pension and health care systems $110 billion short of their eventual liabilities.

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