Cross-posted with Marie Corfield. Promoted by Rosi.
Governor/Presidential Candidate Christie tours the country touting bipartisan pension and health benefits reform as the signature accomplishment of his administration. Part of that reform was his legal obligation to make regularly scheduled contributions in order to get the system off life support. (See here for CliffsNotes on the long history of the state’s underfunding of the system.)
Today, the Supreme Court of New Jersey will hear arguments in the ongoing pension battle between the state’s public employee unions and the Christie administration because the governor has decided he can’t come up with the full, legally obligated payments that he signed into law.