Oliver Statement on Supreme Court Ruling on Judicial Pensions

Assembly Speaker Sheila Y. Oliver (D-Essex/Passaic) on Tuesday released the following statement on the State Supreme Court’s ruling on the pension contributions of judges:

“When we passed the landmark pension and benefit reform legislation last year it was with two distinct goals in mind – to protect taxpayers and to protect the long-term solvency of our employee pension systems

“This ruling threatens to undermine those goals and we intend to put forth a legislative remedy that would ensure that does not happen.

“Therefore the Assembly will move swiftly to consider a constitutional amendment that will resolve the court’s legal concerns while enabling us to move forward with a fiscally responsible plan to shore up our pension systems,” said Oliver.