Fair Lawn Education Association, Plaintiff-Appellant v. Fair Lawn Board of Education, Defendant and Third-Party…

Summary

The Supreme Court of New Jersey affirmed the Appellate Division, holding that the Early Retirement Remuneration (ERR) plan negotiated between the Fair Lawn Board of Education and the teachers' association lacks statutory authority, violates the actuarial integrity principles set forth in Jacobs and State v. State Supervisory Employees, and is preempted by the comprehensive statutory scheme governing teacher pensions. The plan is therefore invalid and cannot be implemented.