New Jersey Gov. Chris Christie (R) on Aug. 8 appointed nine members to a non-partisan commission to make recommendations regarding how to reform New Jersey’s public pension and health benefit systems. Never averse to taking bold action on a tough issue, Christie said in a press release that he wants the group to “think out of the box and be prepared to abandon the sacred cows that have long been off limits in reforming our entitlement programs.”
The group is charged with evaluating how New Jersey can create retirement and health care systems for public employees that are cost-effective and are, as Christie said, “permanently affordable and sustainable.” It is bipartisan and its members include actuaries, lawyers, accountants and financiers.
Among the commission members is ASPPA member Dr. Ethan Kra of Ethan E. Kra Actuarial Services, which specializes in analyzing the economic and accounting implications of financing strategies and vehicles for employee and executive benefits.
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