TRENTON, N.J. – Assemblyman Declan O’Scanlon, the Republican budget officer, responded to the N.J. Supreme Court’s 6-1 decision today that retired public employees do not have a contractual right to receive increasing cost-of-living adjustments.
“The decision supports the Legislature’s 2011 reforms that save taxpayers $70 billion over the next 30 years,” said O’Scanlon (R-Monmouth). “Had this decision gone the other way, it would have been a disaster for N.J. taxpayers as well as the very public workers who filed this ill-advised lawsuit in the first place. With that in mind, we need to continue our work to reform and protect workers’ pensions, starting with reducing health benefit costs to fully fund pension payments and to begin the tough work towards a long-term solution to balance our state budget. This decision and these reforms are essential to that effort.”
On Monday, O’Scanlon introduced a three-bill package to make annual pension payments by reducing health care costs for state and local government employees.