By Samantha Marcus | NJ Advance Media for NJ.com
on June 10, 2016 at 7:35 AM, updated June 10, 2016 at 8:05 AM
TRENTON — The state Supreme Court on Thursday morning upheld a 2011 pension reform law that stripped public workers of their annual cost-of-living adjustments.
The ruling spared the state, its taxpayers and the public pension fund itself some financial pain, but it’s a big loss for public workers who have no guarantee when, or if, the COLAs will be restored.
Here are the winners and losers in that ruling:
Tax payer is the winner for a change.
6-1 in favor of NJ taxpayers
Time to diminish the other benefits now