Tuesday, June 09, 2015

NJ Supreme Court declines to enter political fray on pensions

Somewhat unlike the posture of federal courts in the patent area, the NJ Supreme Court declined to get involved in pensions.

"That the State must get its financial house in order is plain," Justice Jaynee LaVecchia wrote in the majority opinion. "The need is compelling in respect of the State's ability to honor its compensation commitment to retired employees. But this Court cannot resolve that need in place of the political branches. They will have to deal with one another to forge a solution to the tenuous financial status of New Jersey's pension funding in a way that comports with the strictures of our Constitution."

from foxnews: http://www.foxnews.com/politics/2015/06/09/new-jersey-top-court-sides-with-christie-on-pensions/


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