Connecticut’s teachers may be better off with a 401(k) style, defined contribution retirement plan than under Connecticut’s massively underfunded pension system, according to some number crunching. Assuming a 6.5 percent employer match and adjusted for inflation, a defined contribution plan could yield similar retirement savings to that of the existing ...
Connecticut’s Top State Employees
HARTFORD – More than a thousand state employees are paid more than Gov. M. Jodi Rell, according to data now available to the public at www.CTsunlight.org, and a dozen earn an annual salary of more than a half a million dollars.
• In 2008, 1,137 state employees earned more than the governor’s $150,000 salary.
• 70 earned more than $300,000
• 12 were paid more than $500,000. All worked for UConn or the UConn Health Center.
• The highest paid state employee is UConn men’s basketball coach Jim Calhoun, who earned more than $1.5 million, or ten times what the governor of the state is paid.
The twelve over $500,000 in annual pay:
|Calhoun, James A||University of Connecticut||1,586,107.08|
|Edsall, Randy D||University of Connecticut||1,361,205.66|
|Nulsen, John C||University of Connecticut Health Center||889,784.44|
|Whalen, James D||University of Connecticut Health Center||846,039.02|
|Onyiuke, Hilary||University of Connecticut Health Center||831,989.83|
|Hogan, Michael J||University of Connecticut||616,240.47|
|Maier, Donald||University of Connecticut Health Center||585,721.94|
|Deckers, Peter J||University of Connecticut Health Center||554,542.68|
|Hathaway, Jeffrey||University of Connecticut||550,925.07|
|Fellows, Douglas W||University of Connecticut Health Center||527,619.91|
|Makkar, Hanspaul||University of Connecticut Health Center||510,469.90|
|Aronow, Michael S||University of Connecticut Health Center||507,687.61|
Connecticut state employees are the second highest paid state employees in the country, according to Governing Magazine.
ABOUT CTSUNLIGHT.ORG: Created by the Yankee Institute after a massive Freedom of Information Act request, the site lists where every tax dollar spent by state government goes. Every state employee’s salary. Every retiree’s pension. Every vendor payment by every state government department or agency. All online, searchable, and downloadable.
ABOUT THE YANKEE INSTITUTE FOR PUBLIC POLICY: The Yankee Institute is Connecticut’s independent think tank dedicated to free markets, free enterprise, and private sector solutions to public policy questions. Founded in 1984, Yankee has offices on the campus of Trinity College in Hartford, Connecticut. The Yankee Institute is nonpartisan research and educational organization and is classified by the IRS as a 501 (c) (3) non-profit.
Despite increasing General Fund revenue by $2.52 billion over the next two years, Connecticut will still face billion-dollar budget deficits from 2022 through 2024, according to a budget report released by the Office of Fiscal Analysis. “The General Fund is projected to be in deficit by over $1 billion per ...