The New Jersey State Supreme Court on Tuesday reversed a lower court's rejection of Gov. Chris Christie's pension cuts, meaning he will not have to put more money into the state's pension fund. (Tweet This)
"The Debt Limitation Clause of the State Constitution interdicts the creation, in this manner, of a legally binding enforceable contract compelling multi-year financial payments in the sizable amounts called for by the statute," the court said, adding that the loss of public trust due to the ordeal is "staggering."
"The Court recognizes that the present level of the pension systems' funding is of increasing concern. But this is a constitutional controversy that has been brought to the Judiciary's doorstep, and the Court's obligation is to enforce the State Constitution's limitations on legislative power," it also said.