Wednesday, June 23, 2010

NorthJersey.com: New Jersey Supreme Court declines to hear case on teachers' pensions

NorthJersey.com: New Jersey Supreme Court declines to hear case on teachers' pensions

New Jersey Supreme Court declines to hear case on teachers' pensions
Wednesday, June 23, 2010
LAST UPDATED: WEDNESDAY JUNE 23, 2010, 4:36 PM
STATE HOUSE BUREAU
STATE HOUSE BUREAU
The New Jersey Supreme Court has declined to hear a case in which the state’s largest teachers union sought full funding for its pension fund.
NJEA President Barbara Keshishian is led into in the Governor's Office at the State House In April for a meeting with Christie.
STAR-LEDGER FILE PHOTO
NJEA President Barbara Keshishian is led into in the Governor's Office at the State House In April for a meeting with Christie.
In rejecting the case Tuesday, the court let stand a ruling by a three-judge appellate panel that said New Jersey is not constitutionally required to pay the millions it owes every year into the fund for teachers' pensions.
That ruling in March came amid contentious discussion over how to fix the state’s underfunded pension plan — including a proposal that could make full funding a constitutional requirement.
The New Jersey Education Association, which represents more than