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U.S. Supreme Court Leaves N.J. Pension System Cuts Intact

The U.S. Supreme Court on Feb. 29 allowed cuts to remain in place that the administration of Gov. Chris Christie (R) made to the state’s public employee pension system.

According to the Associated Press, the High Court rejected an appeal by public employee unions in the Garden State of a June 9, 2015 ruling in which the New Jersey Supreme Court held that the Christie administration could cut contributions to the system.

The unions had sought the return of $7.1 billion they argued should not have been withheld by the Christie administration from the New Jersey Pension Fund in the fiscal year that ended June 30, 2015.