NJEA statement on budget, pension funding
Trenton, NJ - NJEA President Wendell Steinhauer released this statement following the Legislature’s adoption of a budget that fully funds New Jersey’s pension system in accordance with Ch. 78, the 2011 pension funding law that Gov. Christie has failed to uphold:
“The Legislature did the right thing today by passing a budget that meets New Jersey’s obligations instead of passing the buck to future generations. It takes courage to accept responsibility and make hard choices. Today’s budget vote clearly shows which legislators are ready to lead and which ones are willing to let New Jersey fail.
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“This budget keeps the promise that Gov. Christie and the Legislature made to public employees when they were required to increase their own contributions. It also moves New Jersey beyond the funding failures and finger-pointing that have characterized too many pension budgets over the last two decades.
“We need to get New Jersey back on the road to fiscal stability and this budget does that. I urge the Governor to finally live up to the many promises he has made to public employees and sign this budget. New Jersey residents can’t afford the cost of waiting for the next governor to start moving us in the right direction.”