(Bloomberg) — Chris Christie will lay out plans to means test Social Security and raise the retirement age during a speech Tuesday in early-voting New Hampshire, as he seeks to crack the top tier of the party's 2016 hopefuls.

Christie, the 52-year-old Republican governor of New Jersey, will call for phasing out retirement payments to those with more than $200,000 a year in other income and smaller reductions for those earning $80,000, according to excerpts released by his political action committee.

Spelling out his plans in detail for the first time, Christie said he'll also propose:

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.