Supreme Court rejects NJ employees’ appeal over pension fund
The Supreme Court refused on Monday to disturb a ruling from New Jersey’s top court that sided with Gov. Chris Christie in a legal fight with public worker unions over pension funds.
The justices did not comment in rejecting the unions’ appeal. The high court order came less than three weeks after Christie ended his run for the Republican presidential nomination.
New Jersey’s Supreme Court ruled last year that the state is obligated to pay individual retirees their pensions, but it overturned a lower court ruling that would have forced the state to come up with billions to pay promised pension benefits. New Jersey’s pension fund has nearly $75 billion in unfunded liabilities, stemming from under payment by previous governors, both Democratic and Republican.
more at Source: Supreme Court rejects NJ employees’ appeal over pension fund | Fox News
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