DECATUR – Jeremy Sherer, Democratic candidate for Alabama State Treasurer, attended the Thursday night meeting of the Lawrence/Morgan County Chapter of Save Alabama PACT. Approximately 40 PACT owners, students and concerned citizens attended the second meeting of the Lawrence/morgan Chapter that was held at the Microtel Motel in Decatur.

“No one elected official can save PACT through their individual action”, said Sherer. “Only combined action from the Legislature, Governor, Treasurer, and higher education institutions will PACT be made solvent”.

“PACT contract holders play an integral role in holding elected leaders accountable for solving PACT. I know none of you thought you would be in this room and predicament when you first signed on with PACT, but your grass roots activism is why each of us is here tonight”.

“PACT contract holders are in the contractual and moral right on this issue. And, through your continued activism you will be the unlikely heroes of solving PACT – not any elected official. Your activism on this issue will ensure that right will make might, and PACT will be saved.”

“I will seek to reduce the administrative costs of PACT and increase the return on PACT investments. And, I will actively manage PACT with the due diligence and forthrightness you expected when you first entrusted the Treasury with your children’s and grandchildren’s college savings.”

Sherer advocated utilizing some of the approximate $400 million that resides in the Unclaimed Property Fund, which is managed by the Treasurer, as bridge funds to stabilize PACT investments until a long term financial solution can be enacted by the Legislature.

“PACT is an apolitical issue, and its solution should not be bogged down by the political gamesmanship of Montgomery. In today’s environment of proration, I believe tapping funds from the Unclaimed Property Fund is the most politically efficient and financially sound means for saving PACT”.