After years of bipartisan state legislatures ignoring their financial obligations to fund New Jersey’s public employee pension system, the problems finally hit a breaking point when in June of 2011, Governor Christie signed Chapter 78, P.L. 2011, the Pension and Health Benefit Reform Law, which increased worker pension contributions, raised the retirement age and suspended the future cost-of-living-adjustments (COLA) for retirees across all state retirement systems until the funds achieve an 80 percent funding level.