In his address last month on New Jersey's financial "state of emergency," Governor Chris Christie took aim at the state's pension system. He noted the system "is desperately in need of reform," called pensions and benefits "the major driver of our spending increases at all levels of government – state, county, municipal and school board," and cited the case of a 49-year-old state retiree who will collect $3.3 million in pension payments and almost $500,000 in health care benefits although he only paid $124,000 into his plan.