Search
Back

24 Retirees Make More than Governor

HARTFORD – Pensions for two dozen retired state employees exceeded the governor’s salary of $150,000 in 2010, according to new data posted to the Yankee Institute’s CT Sunlight Project (www.ctsunlight.org).

A total of 378 retired state workers received pensions of more than $100,000 last year. That’s up from 175 individuals in 2008 and 299 retirees in 2009. In all, the state of Connecticut paid out $1.2 billion in pensions to 43,070 beneficiaries in 2010.

“Guaranteed pensions of $100,000 a year are basically unheard of in the private sector, but continue to be available to state employees. No wonder state employee unions are resisting Gov. Malloy’s call for modernization and reform,” said Fergus Cullen, Executive Director of the Yankee Institute.

The Yankee Institute obtained the data from the state Comptroller’s Office after making a Freedom of Information Act request. The disclosure comes as Gov. Malloy continues to make the case for concessions from state workers.

“Connecticut’s pension system is unsustainable. At a minimum, the state needs to move public-sector employees from outdated defined benefit plans into 401(k)-styled defined contribution accounts,” Cullen said.

All 2010 pensions for state workers are posted and searchable at ctsunlight.org.

1) Go to www.ctsunlight.org
2) Click on “pensions”
3) Under “pay year” select 2010
4) Under “branch” select retirees

378 retirees received pensions in excess of $100,000 in 2010.

ABOUT THE YANKEE INSTITUTE FOR PUBLIC POLICY:

The Yankee Institute is a think tank that develops and advocates free-market and private sector solutions to public policy issues. 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.

Dalio Foundation funding in Connecticut: Where does it go?

The Dalio Foundation which, in partnership with the state of Connecticut, is set to oversee upwards of $300 million in public and private funds to help Connecticut’s underperforming schools, managed total net assets of $778 million and made gifts, grants and contributions totaling $109.2 million, according to the organization’s 2017 ...

Read More

Connecticut State Library overpaid for museum artifacts, according to audit

The Connecticut State Library may have overpaid for artifacts purchased from private individuals for display in the Museum of Connecticut History, according to a report by the Connecticut Auditors of Public Accounts. The Museum of Connecticut History is part of the Connecticut State Library and displays artifacts from Connecticut’s “government, ...

Read More

Yankee Staff

Free Market Think Tank

Leave a Reply

Your email address will not be published. Required fields are marked *

SIGN UP TO RECEIVE OUR NEWSLETTER