Tag: New Jersey pension
Does the decision have deeper implications for security of promised pensions and for other debts? I am still thinking about the recent New Jersey Superior Court ruling regarding the State’s required pension contributions. The Court ruled that the New Jersey law enacted in 2011 committing the State to fund its pension systems runs afoul of…
New Jersey Supreme Court rules pension funding legislation unconstitutional. I was surprised by the New Jersey Supreme Court decision regarding the state‘s failure to make contributions to the state’s public pension plans. Essentially the State of New Jersey made a deal in 2011 for public employees to increase their contributions and give up some of…
