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US Supreme Court declines to hear case about NJ pensions

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US Supreme Court declines to hear case about NJ pensions

BY SALVADOR RIZZO
STATE HOUSE BUREAU |
THE RECORD

The U.S. Supreme Court has declined to rule on a major case involving payments to New Jersey’s pension system for public employees.

The case concerned Governor Christie’s decision to cut billions of dollars in payments he had once promised for the retirement system.

Christie began to cut those payments in 2014 despite signing laws in his first term that pledged more than $16 billion over seven years for the troubled retirement system.

Public worker unions sued, arguing that Christie and the state Legislature could not skip the higher payments. The New Jersey Supreme Court disagreed, ruling 5-2 in June that the seven-year plan was not legally binding.

http://www.northjersey.com/news/us-supreme-court-declines-to-hear-case-about-nj-pensions-1.1519692