TRENTON – A constitutional amendment sponsored by Senate President Stephen M. Sweeney and Republican Leader Tom Kean that would require the state to meet its full annual pension obligations was today passed by the Senate.
If passed by the Assembly, the measure would appear on the November General Election ballot.
“All of our pension reforms and other steps to nurse the system back to health will mean nothing if the state continues decide to skips its required payments,” said Sweeney (D-Gloucester/Cumberland/Salem). “We need to get back to basics in our pension system, and that includes using the force of our constitution to make our full annual payment.”