TRENTON, N.J. (CBSNewYork/AP) — New Jersey Gov. Chris Christie on Monday vetoed a bill requiring quarterly payments into the state’s public pension fund, and another measure calling for a $300 million payment into the system for fiscal year 2016.
Christie vetoed the bills backed by Democratic leadership.READ MORE: Pressure Builds On President Biden's Administration To Loosen International Travel Ban Into The Country
He said requiring quarterly payments into the nearly $80 billion system represents an improper intrusion on the executive’s prerogative to determine timing. He also called the $300 million payment “accounting gimmickry.”
Lawmakers pursued the legislation in part to avoid shorting the fund in the future. They also sought to use $300 million in projected surplus to fund the pension.READ MORE: Authorities Announce Major Gang Crackdown In Queens, With 28 Arrests
The vetoes are the latest in a long-running feud between the Republican governor who is seeking his party’s nomination for president and state Democrats and union officials.
The state Supreme Court in June had overturned a lower-court judge’s order that told the Republican governor and the Democrat-controlled Legislature to work out a way to increase pension contributions for the fiscal year that ended June 30.
In a 5-2 ruling, the court ruled there wasn’t an enforceable contract to force the full payment, as unions had argued there was.MORE NEWS: Anxiety Grows On Long Island As COVID-19 Cases Increase
(TM and © Copyright 2015 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2015 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)