SCR-1 Pension Costs Will Bankrupt New Jersey

Americans for Prosperity has directed a study of the state's pension system vis-a-vis bill SCR-1, a proposed amendment to the state constitution. SCR-1 proposes fully funding the state's pension obligations after 7 years, increasing the state's payments by 1/7th each year.

Americans for Prosperity believes this bill, if enacted, would put the state is financial peril.

Click here are Steve Lonegan's testimony on SCR-1.

Click here for key data showing the serious risks associated with SCR-1.