Pension Funding Fight Nears a Climax in Deficit-Stung New Jersey

  • Move comes after shortchanging funds by $24 billion since 2005
  • Following bond-rating cuts, measure aims to shore up pensions

Chris Christie, governor of New Jersey, speaks during the Faith and Freedom Coalition's 'Road to Majority' conference in Washington, D.C., U.S., on Friday, June 19, 2015.

Photographer: Drew Angerer/Bloomberg

The fight in New Jersey over funding government workers’ pensions is coming to a head -- and no one disputes that it’ll be costly to taxpayers.

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