New Jersey’s recently enacted pension reforms are constitutional according to a New Jersey Superior Court judge. The judge ruled that it is constitutional to deny about 800,000 retired public employees pension increases based on the cost of living. The ruling affects all current and future retirees in New Jersey’s pension system, including state workers, judges, police, firefighters and teachers. The pension law signed last June states that current and future retirees will not get any inflation adjustments until the pension fund becomes stable sometime after 2040.
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