MESSAGE FROM SENATE PRESIDENT STEVE SWEENEY
and thank you for visiting this Web page. Earlier this year, I created
this Web site to allow you to compare and contrast the differences
between my pension and health benefits proposals and Governor Christie's
Now that a compromise
bill will be going through the legislative process, I again wanted
to present you, the taxpayers, with an opportunity to know the facts.
Unfortunately, too many
misstatements and too much false information is being handed out
by those who think the status quo in New Jersey is acceptable. We
have to move past the rhetoric and misleading claims and get right
down to the facts. This updated information will allow you to see
exactly what my reform legislation entails.
As I have said in the
past, it is unfortunate that too much of the public debate has been
focused on pitting one group of residents against another. We cant
have that. The problems we face impact all New Jersey residents,
whether they are public employees or not. The fact is the states
public employee pension and health benefits system is reaching a
breaking point, with well over $100 billion in unfunded liabilities.
Yes, governors past and present refused to make their required contributions,
and that has certainly played a major role in this crisis. But the
facts also show a system that has been set to implode for years.
These measures will change
the system in a way that is fair to middle- and lower-income workers
and public employees. It will save taxpayers hundreds of millions
of dollars a year and give local officials the ability to rein in
property taxes. And it will ensure that we can live up to the promises
we made to career public workers for a secure retirement.
Only through a complete
understanding of the issues at hand are we truly going to resolve
these problems. I hope you find this Web site informative. If you
have any further questions, please do not hesitate to contact my