New Jersey’s Suspension of Cost-of-Living Pension Boosts Is UpheldBy , , and
State Supreme Court rules Christie acted lawfully in 2011
Moody’s estimated restoring COLAs might have cost $13 billion
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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