Judge blocks N.J. pension fund trustees’ move for billions in damages from state

By S.P. Sullivan, NJ Advance Media for NJ.com

TRENTON — A Superior Court judge on Thursday blocked an attempt by the trustees of New Jersey’s largest pension funds to revise their suit seeking billions of dollars from the state in light of a recent Supreme Court decision on pension payments.

The state’s highest court in June found the state had no “legally binding, enforceable obligation” to make payments into the pension system of a state trooper’s union. The ruling had broad implications for a number of lawsuits filed by other public workers unions.

Among those suits was one filed by the trustees of three major pension funds — the Public Employees’ Retirement System, the Teachers’ Pension and Annuity Fund and the Police and Firemen’s Retirement System — which earlier this summer amended their complaint in light of the Supreme Court ruling.