New Jersey public employees pension benefits changes
Published: Tuesday, September 14, 2010, 9:00 PM Updated: Tuesday, September 14, 2010, 9:03 PM
Chris Christie discusses pensions during a town hall meeting at the Gloucester Township Senior/Community Center in Gloucester Township.• Public Employee Retirement System (PERS)
• Teachers Pension and Annuity Fund (TPAF)
• State Police Retirement System (SPRS)
• Police and Fire Retirement System (PFRS)
• Judicial Retirement System (JRS)
Average salary of those retiring now with 25 years of service:
• Police and firefighters: $73,571
• Teachers: $46,486
• State workers: $39,592
Pay to stay
Gov. Chris Christie today unveiled measures he said are aimed at sustaining state and local government pensions and reforming the health benefits system for public employees. Without the changes, he said, New Jersey’s unfunded pension liability will grow from