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Last Month's Ruling on COLA Benefits for Retirees
The most important aspect of this ruling is that it opens up the door to have the state cut all benefits based on the debt limitation clause in the state constitution yet the Star Ledger reports:
But in a ruling issued Friday, Hurd decided that although the retirees have a statutory guarantee that there won’t be any reduction in their pension benefit, the state cannot be required to pay for the cost-of-living adjustment.
However Judge Hurd, when specifically asked whether the base pension could be reduced, refused to comment declaring that he was “not answering that question. That question is not before me.”
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Here we go again- "All pigs are equal but some pigs are more equal than others!"
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