Governor Chris Christie contributed 18.6 percent of what New Jerseys pension fund needed in fiscal 2014, lowest among U.S. states, according to Moodys Investors Service.
New Jerseys largest public pension funds are taking a new approach to getting Governor Chris Christie to make billions of dollars in skipped contributions.
New Jersey Governor Chris Christie said hell reverse course on promised pension contributions this year and next, cutting back to balance the budget after revenue fell short of his goals by as much as $875 million.
Governor Chris Christies move to reduce New Jerseys pension payment to help close a mid-year budget gap has Moodys Investors Service concerned that the state is approaching the limit of steps to trim spending.