All that appears on the New Jersey Legislature’s website as of today:
SCR184 Proposes constitutional amendment to require payments by State to State-administered retirement systems and establish in Constitution right of public employees to pension benefit; provides for enforcement of funding obligations and benefit rights.
Budget and Appropriations
12/7/2015 Introduced in the Senate, Referred to Senate Budget and Appropriations Committee
When the text of the bill is published we will review it but, for now, we have press reports on how the Democrats intend to earn their campaign donations:
From the Courier-Post:
The governor’s opponents used a similar tactic in 2013, winning voter approval for a constitutional amendment to raise the state’s minimum wage. Christie previously had vetoed an attempt to raise the wage through legislation.
The amendment would require the state to make 60 percent of its “actuarially required” pension payment in fiscal year 2018 and reach full funding by fiscal year 2022.
Sweeney’s proposed constitutional amendment would go before the voters for approval next November when the presidential race tops the ballot and turnout is at its highest.
Sweeney’s proposal resets the clock again, putting a new timeline into the state constitution, with the state making the full actuarial contribution by 2022, one year sooner than Christie’s unofficial payment plan.
The state would be paying about $3 billion by 2018 — nearly as much as the state would have been required to pay this year under the now-fractured 2011 law. Each year the state would have to come up with about $600 million more than the year before, according to Treasury estimates.
If lawmakers get enough votes for a constitutional amendment, Christie would have no power to stop it from going to the ballot. It would take effect if voters approved it.
FYI – This about sums up why, at this point, a Christie candidacy for anything is a joke: