As reported by NJ.com, Moody’s Investors Service again sent up a warning flare that a possible New Jersey Supreme Court ruling striking down cuts to public retirees’ pension benefits would soak the struggling retirement system with new pension liabilities. But in its latest report released on the “extraordinary decisions and challenges” the Garden State
COLA
Judge Upholds Suspension Of Pension Increases For NJ Public Employees
By Donald C. Barbati on
Posted in Uncategorized
As reported by nj.com, hundreds of thousands of retired public employees are not entitled to cost-of-living adjustments, a Superior Court judge has ruled, upholding a segment of the new pension regulations that suspend the increases indefinitely. The ruling by Superior Court Judge Douglas Hurd affects all current and future retirees in pension systems …