The Constitutional Amendment and accompanying legislation would permit the state to adjust certain benefits in the corrections officers' and elected officials' retirement systems to alleviate pension underfunding.

A "YES" vote will allow the State to adjust certain benefits for corrections officer retirees and elected official retirees in order to provide greater financial stability in the pension system; plan changes for newly-hired corrections officers include the replacement of the current permanent benefit increase with a cost of living adjustment tied to inflation and transition to a defined contribution system; plan changes for elected official retirees include a guaranteed cost of living adjustment tied to inflation.

A "NO" vote will have the effect of maintaining the current benefit and contribution rules in the Corrections Officer Personnel Retirement System and Elected Officials Personnel Retirement System.