Contact Us
Cliffside Park-Edgewater Daily Voice serves Bogota, Cliffside Park & Edgewater
Return to your home site

Menu

Cliffside Park-Edgewater Daily Voice serves Bogota, Cliffside Park & Edgewater

Nearby Towns

Breaking News: Quick Response Protects More Than 30 Families Fleeing Passaic Apartment Building Fire
Politics

NJ Pension Suit Could Cost Christie, Taxpayers

Chris Christie.
Chris Christie. Photo Credit: Google CC

A legal challenge to Gov. Chris Christie's effort to save the state pension system by taking away retirees' cost-of-living increases is headed to the state Supreme Court as Christie's presidential bid heats up, according to NorthJersey.com.

A ruling against Christie may mean the collapse of the state's pension system as the unfunded liability continues to outpace money coming in to pay pensions. Since oral arguments in the case are expected in early 2016, legal wrangling has the potential to interfere with Christie's bid for the Republican nomination in next year's primary, NorthJersey.com reported.

An adverse ruling could also lower the state's bond rating, meaning it will cost more to borrow money. A state appeals court agreed with a group of retirees who say those cost-of-living adjustments were promised when they took state jobs, NorthJersey.com said.

Click here to read the full article .

to sign up for Daily Voice's free daily emails and news alerts.

Welcome to

Cliffside Park-Edgewater Daily Voice!

Serves Bogota, Cliffside Park & Edgewater

Get the news you need to know on the go.

Welcome to

Cliffside Park-Edgewater Daily Voice!

Serves Bogota, Cliffside Park & Edgewater

Hi! You've read our articles so we know you like our reporting. To keep reading please join our mailing list.

Get important news about your town as it happens.