New Jersey Gov. Christie Mulls 401(k) For State Workers

Now watching

Next video starts in : 7 Play

New Jersey Gov. Christie Mulls 401(k) For State Workers

New Jersey Gov. Christie Mulls 401(k) For State Workers
Replay video
Up next

5 Easy Microwave Desserts

Unlock your personal NFL Now stream by signing in to NFL.com

New Jersey Gov. Christie Mulls 401(k) For State Workers

by Wochit 0:48 mins

New Jersey Gov. Christie Mulls 401(k) For State Workers

by Wochit 0:48 mins

New Jersey's Republican Governor Christie plans to propose switching some public workers in the state to a 401(k) defined contribution pension plan, or a hybrid variation, from traditional pensions, according to the Wall Street Journal. This would be Christie's second attempt at such a move and officials from his administration will roll out a formal plan later this year, the paper reported citing a person familiar with discussions on the issue. The state's existing defined benefit pension plan invests workers' retirement funds and pays retirees benefits for life. New Jersey currently has an unfunded pension obligation of more than $50 billion.

Must Watch

Must Watch

  1. 2:36

    5 Easy Microwave Desserts

  2. 1:51

    Walking Dead Ahead, Season 5 Episode 13

  3. 2:10

    Fairies 'Evicted' From Town Forest

  4. 2:56

    Community Season Six Trailer Premiere

Community

  1. 2:56

    Community Season Six Trailer Premiere

  2. 3:05

    Community 501 - Season 5: Super Seniors

  3. 2:30

    Community 401 - Season 4: Senior Year

  4. 3:05

    Community 301 - Season 3: Junior Year

  5. 2:56

    Community 201 - Season 2: Sophomore Year

  6. 3:02

    Community 101 - Season 1: Freshman Year

Live Nation

  1. 5:00

    Foreigner - Feels Like the First Time - Live from NYCB Theatre at Westbury #YahooLive

  2. 0:53

  3. 5:12

    Gilberto Santa Rosa - Apaga la Luz - Live from House of Blues Las Vegas #YahooLive

  4. 2:35

    Big Sean - All Me - Live from House of Blues Sunset Strip #YahooLive

Yahoo Studios

  1. 3:01

    Why nearly 200,000 of these good-paying jobs will go unfilled

  2. 1:36

    'Breaking Bad' Tough Guy's Surprising First Film Role

  3. 1:54

    Thor, Wolverine Don Mullet Wigs, Play Musical Beers With Fallon

  4. 1:58

    Danica McKellar Has Most Awkward Interview of Her Life on ‘Impractical Jokers’

  5. 1:59

    Danica McKellar Has Most Awkward Interview of Her Life on ‘Impractical Jokers’

  6. 1:54

    Two New Housewives On ‘Real Housewives Of Melbourne’