Tell legislators to stand up to the Governor and make pension payments now!
On the heels of a major victory for our endorsed candidates in the Assembly on Nov. 3, and following the first-ever successful override vote (on gun legislation) in the Senate on Oct. 22, it is even more timely that we ask legislators to override Gov. Christie’s veto of quarterly pension payments legislation and a $300 million prepayment into the pension fund. Because of Christie’s vetoes, the Fiscal Year 2016 budget significantly underfunds public pension systems.
S-3100 would have required the state to make quarterly pension payments and S-3107 would have mandated that the state make an early pension payment of $300 million by July 15. Both bills received support from Democratic and Republican lawmakers.
With enough Republican votes, the Legislature could override the governor’s veto on both of these fiscally responsible bills.
It is time to tell legislators to stand up to the Governor and use their power to override vetoes in order to adopt these sound fiscal practices that will strengthen the pension system.