Christie Signs Bill Reining in Employee Benefits

Christie Signs Bill Reining in Employee Benefits
Tuesday, 28 Jun 2011 02:43 PM
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TRENTON, N.J. (AP) — New Jersey Gov. Chris Christie has signed landmark employee benefits legislation requiring a half-million public workers to pay more for pension and health benefits.
Christie says the move is necessary to shore up the state's badly underfunded retirement systems. He predicts New Jersey's fix will be emulated nationally by other states facing similar shortfalls.
The Republican governor says the bill he signed Tuesday got through the Legislature because of bipartisan support.
Democrats who lead the Legislature supported it. But most rank-and-file lawmakers sided with public-sector unions in opposing it.
The bill puts benefits for teachers, police and other public workers more in line with the private sector.
More than 8,000 demonstrated at the Capitol last week in the last of three union-sponsored protests.
© Copyright 2011 The Associated Press. All rights reserved. This Read more on Newsmax.com: Christie Signs Bill Reining in Employee Benefits Important: Do You Support Pres. Obama's Re-Election? Vote Here Now!