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NJBIA has joined other business groups to support Gov. Chris Christie’s plan to offset the state’s large public employee pension liability with NJ Lottery assets.

The Administration says the plan would use $13.5 billion to immediately shrink the gap, which is estimated to be between $49 billion, but some other calculations say could be as high as $136 billion.

“Shoring up the unfunded liability of the pension fund is critically important for the State’s long-term economic growth,” said NJBIA President and CEO Michele Siekerka.

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