3 pension funds sue New Jersey for billions in damages
Three public workers’ pension funds are suing New Jersey for billions in damages, claiming the state government breached contracts when it contributed less than planned.
The filing Friday is the latest volley in a more than yearlong dispute over pension contributions. They stem from Gov. Chris Christie’s decision last year among a budget shortfall to veer from a pension funding plan he signed into law in 2011.
The funds’ legal action was first reported by NJ.com.
The state Supreme Court has ruled that it cannot force the state to put money into the funds at a certain time, though it found that retirees are entitled to the pensions they have been promised.
WHYY is your source for fact-based, in-depth journalism and information. As a nonprofit organization, we rely on financial support from readers like you. Please give today.
Appeals court leaves temporary hold on New Jersey’s county line primary ballot design in place
Once a pillar of politics in the state, the county line ballot began showing signs of crumbling this year.
17 hours ago
Atlantic City mayor: I’m committed to my family and city while dealing with daughter abuse charges
In his first public comments since prosecutors on Monday charged him and his wife, Mayor Marty Small said he would not be distracted from his duties.
2 days ago
The council president says an investigation led by the township solicitor began about three months ago.
2 days ago