Pension not only cuts in Christie's budget plan - New York News

Pension not only cuts in Christie's budget plan

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Gov. Christie addresses reporters in Trenton on Ja. 9, 2014 (MyFoxNY.com) Gov. Christie addresses reporters in Trenton on Ja. 9, 2014 (MyFoxNY.com)

TRENTON, N.J. (AP) - Gov. Chris Christie's plan to bridge a budget gap over the next 13 months relies heavily on slashing pension contributions, but that is not the only measure.

State Treasurer Andrew Sidamon-Eristoff told lawmakers on Wednesday that the state is also cutting $15 million this year in its subsidy for New Jersey Transit and skipping a $13 million one-time payment to community providers of services to people with developmental disabilities.

Members of the Assembly's budget committee questioned the legality and morality of making those cuts.

Christie announced Tuesday a plan to reduce the state's contributions to the pension funds for public workers by about $2.5 billion between now and June 30, 2015.

The Communication Workers of America says it intends to file a lawsuit to try to block the pension cuts.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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