2014-05-17T184148Z_1_CBREA4G1FXR00_RTROPTP_2_USA

New Jersey Gov. Christie mulls 401(k) for state workers: report

New Jersey Governor Christie speaks during the Republican Jewish Coalition Spring Leadership Meeting at the Venetian Resort in Las VegasNew 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. New Jersey officials did not immediately respond to requests for comment on Saturday. New Jersey currently has an unfunded pension obligation of more than $50 billion.

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