New Jersey’s Suspension of Cost-of-Living Pension Boosts Is Upheld

  • State Supreme Court rules Christie acted lawfully in 2011
  • Moody’s estimated restoring COLAs might have cost $13 billion

Chris Christie, governor of New Jersey, speaks in Tampa, Florida, on March 14, 2016.

Photographer: Andrew Harrer/Bloomberg

Governor Chris Christie and the state Legislature acted legally in suspending cost-of-living adjustments on pensions for retired public workers, New Jersey’s Supreme Court ruled, preventing a multibillion-dollar hit to a budget already facing a shortfall.

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