The Associated Press reports New Jersey’s largest public union will file a suit today against the state over missed pension payments.
Communications Workers of America Local 1033 tells The Associated Press it will file suit in U.S. District Court Wednesday.
The union wants the court to find the state’s continued failure to make required annual pension payments a violation of workers’ and retirees’ rights.
Past litigation on pension funding has failed.
However, the union opposes a proposed law that would allow the state to phase in pension payments over seven years and a pending freeze on cost-of-living pension increases for retirees.
The teachers union says the measure would have a crippling effect on retirees. It says retirement benefits will lose value every year without cost-of-living adjustments.