New Jersey SCR57 proposes a constitutional amendment to mandate annual state payments to public employee pension systems and establish pension rights.
New Jersey SCR57 proposes a constitutional amendment to require the state to make annual payments to public employee pension systems and establish the right of public employees to pension benefits. The amendment responds to a New Jersey Supreme Court ruling that found the state's contractual obligation to make annual pension contributions unenforceable. The amendment specifies that the state must start making full pension payments by July 1, 2023, with quarterly installments.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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