TRENTON, N.J. (AP) — A judge has ruled that New Jersey can withhold cost-of-living adjustments for retired public employees who collect state pensions.
The decision last week by Superior Court Judge Douglas Hurd upholds part of the state's newpension law, which denies the adjustments until the retirement systems reach targeted funding levels.
New Jersey Education Association Spokesman Steve Wollmer said Tuesday that it could take decades to reach those targets, noting the state frequently fails to meet its commitment to the funds. He said it's unfair to deny retirees the payments they have bargained and planned for, which is a reason why unions like his challenged the law.
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