Aug. 8 (Bloomberg) -- New Jersey Governor Chris Christie named nine members to a commission he created to recommend changes to the state’s pension system, which he calls bloated and unsustainable.
The panel, which will have 30 days to issue an interim report, will wrap up its study in about two months, the governor has said. Christie, 51, began calling for more changes to the retirement plan after he skipped $2.4 billion in contributions to close a budget hole as income taxes dropped this year.
The group includes Thomas J. Healey, a former assistant secretary of the U.S. Treasury, and Raymond Chambers, a philanthropist and United Nations special envoy and chairman of the New Jersey Performing Arts Center in Newark. Also named were Tom Byrne, founder of Byrne Asset Management in Princeton and vice chairman of the state’s pension board, and Ethan Kra, who runs an actuarial service specializing in financing strategies and employee benefits.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 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.
