The 30-year Lottery Enterprise Contribution will reduce the pension system`s unfunded liability, elevate its funded ratio and reduce the General Fund obligation - thereby helping transform New Jersey`s fiscal outlook.

Also, the treasurer has indicated that this transaction will not impact recipients of lottery funds, which adds to the viability of this proposal.

This is a significant step in solving our pension crisis.

We hope our pensioners view this positively and assist in solving the crisis by modifying the healthcare component of their pension.

We encourage the state Legislature to support this proposal.