Christie’s Proposed 10-Year Pension Payment Ramp-Up Could Cost NJ Billions

Governor’s own law gives him seven years to get pension payments in line, but he says he needs 10. What he’s not saying is how costs would balloon over time

By John Reitmeyer

While lawmakers await a ruling from New Jersey’s Supreme Court on whether the state has to stay committed to a plan to prop up the public-employee pension system with a series of escalating payments over a seven-year term, Gov. Chris Christie’s state treasurer is continuing to make the case for stretching those payments over 10 years.