Christie Wins, New Jersey Pension Loses as Court Allows Punt

Chris Christie, governor of New Jersey, speaks during the Iowa Ag Summit at the Iowa State Fairgrounds in Des Moines, Iowa, U.S., on Saturday, March 7, 2015.

Photographer: Daniel Acker/Bloomberg

Governor Chris Christie’s legal victory that allows him to skip a $1.6 billion pension payment imperils New Jersey's retirement system even as it lessens immediate pressure for wrenching political decisions.

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