Our state was facing a pension crisis with OVER $6 billion in unfunded liabilities, and your lawmaker refused to take action.
SB 72 is a necessary first step that puts our state’s pension system on the right track. The pension is currently at 69% of necessary funding. At these levels, and due to past mismanagement, the fund was in danger of a "death spiral" in the event of economic downturn.
The provisions in SB 72 have helped secure the long-term solvency of our state’s pension: over the next 25 years, it’s expected to cut nearly all of the $6.3 billion unfunded liability, which taxpayers would have to foot if costs had been allowed to spiral out of control.
Our lawmakers need to hear from you. Let them know they need to stand up for state’s economic future and protect taxpayers and beneficiaries from our state’s broken pension system.