Will Tax Payers get Hammered again ?
JUNE 8, 2015, 10:06 AM LAST UPDATED: MONDAY, JUNE 8, 2015, 2:28 PM
BY SALVADOR RIZZO
STAFF WRITER |
THE RECORD
The state Supreme Court will hand down its ruling Tuesday in a major legal battle between Governor Christie and public-sector unions who say his move to cut $1.57 billion from pension funding violated workers’ rights.
The high court’s decision will be released at 10 a.m. Tuesday, according to a news release from state judiciary officials.
The ruling is expected to have a far-reaching impact on New Jersey’s state finances and workers’ rights. At stake is a pension-reform law Christie signed in his first term, which pledged large payments to the strapped pension system for seven years until the funds regained their health. Christie is asking the court to strike down his law during difficult economic times.
Christie’s pension reform was once his signature legislative achievement, a bipartisan agreement that raised worker costs but also pledged more tax dollars to rescue the pension system from collapse. The Republican governor said it was government at its best, protecting 770,000 pension beneficiaries. To this day, Christie boasts about his “pension reform” efforts on frequent trips out of state as he explores a presidential run.
https://www.northjersey.com/news/n-j-supreme-court-to-release-pension-decision-tuesday-1.1351420
