TT bubble hard decision?

[Allinlife]

Party Poker No-Limit Hold'em Tourney, Big Blind is t300 (4 handed) converter

Hero (t2505)
BB (t1200)
UTG (t1330)
Button (t2965)

Preflop: Hero is SB with T[img]/images/graemlins/diamond.gif[/img], T[img]/images/graemlins/spade.gif[/img].
<font color="#666666">UTG is allin 1330, Button folds</font>.
Hero folds

Final Pot: t450

lotta folding going on and the pusher has been pushing every once inawhile.. he pushed just previous round with QQ I called with 3J given nearly 3:1 pot odds

so anyways, was folding correct here?