Court: Christie Can Slash Pensions


chris-christie1The New Jersey Supreme Court ruled Tuesday that Gov. Chris Christie has the right to cut billions from the state’s public pensions, in a  major win for the governor. Before the ruling that overturned a lower court’s decision, Christie was going to be forced to close a $1.5 billion pension shortfall with budget cuts and tax increases.

“That the State must get its financial house in order is plain. The need is compelling in respect of the state’s ability to honor its compensation commitment to retired employees,” the court wrote. “But this court cannot resolve that need in place of the political branches. They will have to deal with one another to forge a solution to the tenuous financial status of New Jersey’s pension funding in a way that comports with the strictures of our constitution.” Read more at

{Andy Newscenter}