Tell legislators to stand up to the Governor and make pension payments now!
The FY 2016 budget has been signed into law and it significantly underfunds public pension systems. In spite of this, NJEA continues to fight for sound fiscal practices that will put more money into the pension system sooner.
On August 10, Gov. Chris Christie vetoed S-3100, which would have required the state to make quarterly pension payments and S-3107, mandating 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.