Search for...
Follow @ontheissuesorg
OnTheIssuesLogo

Chris Christie on Social Security

 


National entitlements reform package including means-testing

Christie has proposed a national entitlements reform package. His plan would include means testing for wealthy seniors so that Americans making more than $80,000 a year would get lower Social Security benefits & would pay more for Medicare health plans. Starting in 2022, the governor would gradually raise the full retirement age for Social Security to 69, from the current age of 67 for people born after 1960. He would raise Medicare eligibility more slowly, setting it at 69 years old by the year 2064.
Source: PBS News Hour "2016 Candidate Stands" series , Jun 30, 2015

State pensions cut by $120B; but $90B still to go

We defied the conventional wisdom and reduced the cost [of state pensions] to taxpayers by over $120 billion over the next three decades. Today, the health of the pension system is stronger than it was 5 years ago. In fact, gains have totaled over $35 billion--which is way above projections--thanks to our sound management and smart investment strategy.

But the pension fund's problem is a long-term one. Right now the $90 billion unfunded liability for pensions and health benefits is three times the size of the annual state budget. Think of this way--in order to close the current shortfall in just the pension system alone every family in New Jersey would have to write a check for $12,000.

That is the nature of long-term entitlements which grow faster than the economy, and in that regard our problem here in New Jersey is not that different from Washington's entitlement problem. Last summer I appointed a pension and health benefits task force--to think outside the box, and they are hard at work.

Source: State of the State address to 2015 New Jersey Legislature , Jan 13, 2015

Pension reform: raise retirement age, suspend COLAs

Our pension system, which was on a path to insolvency, is now on much more sound footing. We tackled the problem head on--modestly raising the retirement age, reducing incentives for early retirement, suspending COLAs until the plan is 80% funded, and yes, asking for something slightly closer to market in terms of employee contributions.

In total, the pension and health benefits reform package that you passed will save taxpayers over $120 billion over the next 30 years. Just as importantly, it will help make sure the pension is actually there when our public employees and school teachers retire. Other states have noticed: this reform is becoming a model for America.

When we combine this needed discipline on spending and taxes, with responsibility in addressing our long-term liabilities, with pro-growth actions on the regulatory side, we have made New Jersey a better place to do business.

Source: N.J. 2013 State of the State Address , Jan 8, 2013

We're in trouble due to overspending on entitlement programs

Q: Why do you think America got itself into such a terrible mess economically? What do you think was the problem?

A: Greed. And because no one wanted to tell anybody the truth. The truth was you can't continue to spend the kind of money our spending on all these entitlement programs. I think we need more people in public life who are willing to say no, we can't afford certain things, no we can't do certain things, we've got to wind up being honest with people. I think we got ourselves in this mess because some people in the financial industry became incredibly short-sighted and greedy and we had government officials who refused to say no.

Source: Interview on CNN "Piers Morgan Tonight" , Jun 15, 2011

Raise the retirement age, and limit COLA, for state workers

We must modestly raise the retirement age in an era of longer life expectancy. We must curb the effect of COLAs in a time of low or no inflation. And we must ensure a modest but acceptable contribution from employees toward their own retirement system. Without reform, the problem we face is simple: Benefits are too rich, and contributions are too small, and the system is on a path to bankruptcy.
Source: 2011 N.J. State of the State Address , Jan 11, 2011

Other candidates on Social Security: Chris Christie on other issues:
Incumbents:
Pres.Barack Obama
V.P.Joe Biden
2016 Democratic Candidates:
Gov.Lincoln Chafee(RI)
Secy.Hillary Clinton(NY)
Gov.Martin O`Malley(MD)
Sen.Bernie Sanders(VT)
Sen.Jim Webb(VA)
2016 Third Party Candidates:
Roseanne Barr(PF-HI)
Dr.Jill Stein(G-MA)
Robert Steele(L-NY)
2016 GOP Candidates:
Amb.John Bolton(MD)
Gov.Jeb Bush(FL)
Dr.Ben Carson(MD)
Gov.Chris Christie(NJ)
Sen.Ted Cruz(TX)
Carly Fiorina(CA)
Gov.Jim Gilmore(VA)
Sen.Lindsey Graham(SC)
Gov.Mike Huckabee(AR)
Gov.Bobby Jindal(LA)
Gov.John Kasich(OH)
Rep.Peter King(NY)
Gov.Sarah Palin(AK)
Gov.George Pataki(NY)
Sen.Rand Paul(KY)
Gov.Rick Perry(TX)
Sen.Marco Rubio(FL)
Sen.Rick Santorum(PA)
Donald Trump(NY)
Gov.Scott Walker(WI)
Abortion
Budget/Economy
Civil Rights
Corporations
Crime
Drugs
Education
Energy/Oil
Environment
Families/Children
Foreign Policy
Free Trade
Govt. Reform
Gun Control
Health Care
Homeland Security
Immigration
Infrastructure/Technology
Jobs
Principles/Values
Social Security
Tax Reform
War/Iraq/Mideast
Welfare/Poverty

About Chris Christie:
Profile
AmericansElect quiz
MyOcracy quiz
Wikipedia
Ballotpedia

Page last updated: Jul 14, 2015