Pension payment cuts in response to fiscal emergency, Christie administration says in court papers
Governor Christie cut payments to the state pension fund because New Jersey is in a fiscal emergency, his administration claimed Wednesday in a challenge to unions trying to block the move. That fiscal emergency, which could not have been predicted, allowed Christie to take direct action and cut part of his planned pension payment, the Attorney General’s Office said in court papers filed as part of the union lawsuit. And if the courts do get involved, that would hinder a budgetary process that was assigned to the Legislature and executive branch and be an action beyond the court’s authority, the administration said. (Phillis/The Bergen Record)
