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Key excerpts from N.J. Supreme Court ruling on pensions

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TRENTON — In a major blow to the New Jersey’s thousands of public workers, the state Supreme Court ruled Tuesday the Christie administration is not obligated to make the payments it promised under a 2011 law intended to sure up the state pension system. In a 5-2 decision, the court said the law, known as Chapter…

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Posted: June 9th, 2015 | Author: | Filed under: New Jersey, New Jersey State Budget, NJ Constitution, NJ Courts, NJ Supreme Court, Pensions | Tags: , | 6 Comments »

6 Comments on “Key excerpts from N.J. Supreme Court ruling on pensions”

  1. Sancho Panza said at 1:33 pm on June 9th, 2015:

    Yup. What the hell! Contracts and laws don’t mean a damn thing when you have the last word. What a farce of a government!

  2. The Public Workers Should Have their Contributions Reversed said at 1:41 pm on June 9th, 2015:

    Well, since the state and the governor reneged on the state workers, they should no longer contribute the larger amount they agreed to in 2011.

  3. show me the money said at 2:50 pm on June 9th, 2015:

    so where is the money going that the public employees have been paying since 2011?
    can someone answer this question for me.

  4. Sancho Panza said at 3:56 pm on June 9th, 2015:

    So the state will be going into default on its obligations. Just as stupidly as New York City did in 1977. What a hell of a dumb record to leave for history.

  5. where is the money said at 7:45 pm on June 9th, 2015:

    that the public workers have been contributing to the pension fund?
    can anyone answer?

  6. TheDigger said at 8:39 pm on June 9th, 2015:

    If the Law is unconstitutional, what happens to the increased pension contributions by employees and the stopping of COLA increases? Is the whole law invalidated?

    The legislature should put a constitutional amendment on the ballot for November that forces the government and employees to properly fund this system.