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New Jersey Unions File Lawsuit Over Reduced Pension Contributions
Pensions & Investments June 8, 2014 "The lawsuit claims that Mr. Christie's announcement of reductions in pension contributions to the $76.8 billion New Jersey Pension Fund, Trenton, violates a statute signed by the governor in May 2010 that includes a statement that 'failure of the State of any other public employer to make (the) annually required contribution shall be deemed to be an impairment of the contractual right of each such public employee,' according to the complaint." |
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