Monday, July 27, 2015

Three Pension Funds Sue N.J. For Billions



Three public workers' pension funds are suing New Jersey for billions in damages, claiming the state government breached contracts when it contributed less than planned.

The filing Friday is the latest volley in a more than yearlong dispute over pension contributions. They stem from Gov. Chris Christie's decision last year amid a budget shortfall to veer from a pension funding plan he signed into law in 2011.
Entire story at
http://www.pressofatlanticcity.com/business/pension-funds-sue-new-jersey-for-billions-in-damages/article_c5b06d6c-3485-11e5-a1dc-9fa8326c6ad2.html

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