"(T)he purpose of the (pension) statute is ... to provide an actuarially sound system giving retirement rights and other benefits to members. Those rights and benefits are contractual obligations of the state and participating organizations by constitution and statute."
How later courts described this case
- "(T)he purpose of the (pension) statute is ... to provide an actuarially sound system giving retirement rights and other benefits to members. Those rights and benefits are contractual obligations of the state and participating organizations by constitution and statute."
Written by the judges who cited it.
The opinion
Order affirmed, with costs; no opinion.
Concur: Loughban, Ch. J., Lewis, Conway, Desmond, Dye, Fuld and Bbomley, JJ.