Resolution to place Constitutional Amendment on pensions on ballot awaits vote
School employees and other public employees have committed their lives to public service with the expectation that their pensions would be available when they retire.
Unfortunately, the state’s failure to pay its share of pension system funding for the last decade has threatened this retirement security. Moreover, the state has failed to make the payments required by P.L. 2011, c. 78, and last June’s New Jersey Supreme Court decision allows the state to continue to forego or underfund public employee pensions.
Amending the state Constitution may be the only way to force the state to meet its pension obligations. To be on the November 2016 ballot, both houses of the New Jersey Legislature must pass a concurrent resolution—known as ACR-109/SCR 2— authorizing the language to go before the voters in a general election.
NJEA SUPPORTS THIS RESOLUTION for several reasons. It:
- Requires quarterly pension payments.
- Establishes a responsible funding schedule.
- Protects the right of vested public employees to their earned pension benefits.
- Provides that pension funding obligations would be enforceable in court.
Please contact your legislator and urge his/her support of this resolution. Tell him/her that New Jersey can no longer ignore its obligation to fund public employee pensions; vote yes on ACR109/SCR2.