Via NJSpotlight:
New Jersey will be paying just $2.4 billion of the $8.8 billion actuaries say the state should allocate for pensions and retiree health benefit costs in the revised budget Gov. Chris Christie has proposed for next year -- a policy decision that exacerbates the state’s long-term fiscal crisis and sticks future taxpayers with the bill.
While most of the focus in Christie’s first five years in office has been on the state’s pension crisis, paying for retiree health benefits poses a similarly difficult fiscal challenge. In fact, the state will be paying $1.7 billion next year to cover the health...
