New Jersey Gov. Chris Christie Tuesday unveiled pension and health care reform measures that would help curb the state’s unfunded liabilities while passing more of those costs on to employees.

Unfunded retirement liabilities total $46.8 billion for the state and its other post-employment benefits obligation is $56 billion underfunded — largely for retiree health care benefits.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.