The Connecticut Department of Revenue Services paid more than $12 million in interest for tax refunds totaling nearly $5 million because they withheld those refunds for upwards of seven years, according to a new audit. The audit listed tax refunds from years 2014 through 2018 and found that late returns ...
Yankee Institute Accused of Having “Anti-Worker” Agenda
Today’s Hartford Courant featured a front page article discussing Yankee’s recent release of a list of 24 retired state employees who receive pension payments in excess of the governor’s salary of $150,000.
Larry Dorman, a spokesman from the state employees’ union sharply criticized the findings and accused the Yankee Institute of holding to an “anti-worker agenda” and of “undermining the American values of fairness, democracy, and rights for working people.”
Where’s the “fairness” in asking hard-working CT taxpayers to foot the entire bill for overly generous pensions—or even the average pension of $26,000? Our state faces a huge unfunded pension liability, and experiences high outbound migration rates due to increasing taxes to meet the state budget.
Yankee suggests a defined-contribution pension system plan that would lessen the cost to taxpayers by incorporating a 401(k)-style program in which state employees contribute to their own retirement accounts.
The Connecticut Workers Compensation Commission, which oversees and administers worker compensation claims, lacked approvals for medical leaves of absence for its own employees, according to a new audit. “The commission did not have medical certificates on file for 5 out of 8 medical leaves of absence we reviewed,” the auditors ...