New Jersey judge won't force governor to restore cuts to pension

[riky]

New Jersey judge won't force governor to restore cuts to pension

By Hilary Russ TRENTON N.J (Reuters) - A New Jersey judge on Wednesday refused to force Governor Chris Christie to restore almost a billion dollars in funds that he cut from the state's 2014 pension contribution. The state's fiscal crisis trumped public workers' contractual rights, granted under the state's 2011 pension reform law, to the full contribution, according to Judge Mary Jacobson's ruling. Public sector unions sued the Christie administration after he slashed $904 million from this year's pension contribution and directed the legislature to cut $1.57 billion from next year's budget, too. Christopher Burgos, president of the State Troopers Fraternal Organization of New Jersey, said troopers and other plaintiffs would likely appeal.

Source: You are not allowed to view links. Register or Login