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New Jersey Pension Fund Seeks Billions in Damages from State
NJ.com July 27, 2015 "In the latest salvo in the battle between New Jersey and its public workers, the heads of the state's largest pension funds are accusing the state of breaching its contract by underfunding government workers' pensions. The pension heads are seeking billions of dollars in damages.... [The complaint] argues that the [New Jersey] Supreme Court declared only the promise to make the appropriations unenforceable. The new argument hinges on a separate promise found elsewhere in the law." |
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