Tom Byrne

Some New Jersey lawmakers are introducing legislation to ban the state's public employee pension funds from investing in companies that manufacture guns.

Assemblyman Eric Houghtaling is one of the bill's sponsors.

"I don't think gun manufacturers should profit from the pensions we have in the state of New Jersey and we want to set an example. I think if we're really committed to gun control, we need to have a starting point and move and continue forward."

Senator Vin Gopal says gun manufacturers should not benefit from pension fund investments.

New Jersey’s Pension and Health Benefit Study Commission has issued its final report on reforms it says are needed to prevent public employee benefits costs from overtaking other budget priorities.

Commission member Tom Healey says despite unprecedented levels of funding and the dedication of the state lottery to the pension plans, the state’s estimated unfunded liability is now $90 billion, $10 billion more than in 2014.