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June 9, 2015
Trenton, NJ
Statement on Supreme Court State Pension Underfunding Decision
League President, the Honorable Brian C. Wahler, Mayor of
Piscataway, issued the follow statement following the release of the
New Jersey Supreme Court decision in Burgos v. The State of New
Jersey.
“Today’s Supreme Court decision underscores the need for a State solution to the underfunded State pension
and health benefits systems. This decision will have no impact on
local budgets, as municipal employers and their employees will continue
to meet their pension funding obligations, as required by statute.
Because of that, the pensions of local employees are safe, and the
local PERS and PFRS funds are fiscally sound.
“Going forward, efforts to address the underfunding of the
State’s obligations need to recognize and respect the integrity of all
locally funded retirement and benefit plans. Remedial efforts must not
include the mingling of the State and local PERS and local PFRS, or the
transfer of the state’s obligations to local government.
“Local government officials and employees continue to work
together to protect the retirement funds for which they are
responsible.”
* * * *
For further information contact:
Brian Wahler, Mayor of Piscataway at 732-562-2301
William G. Dressel, Jr., Executive Director at 609-695-3481, extension 122 or 609-915-9072.
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