The Department of Housing paid exorbitant fees to a lender administrating the Shoreline Resiliency Loan Fund, part of Gov. Dannel Malloy’s Shore Up CT program created in 2014 to give homeowners and businesses low interest loans to upgrade their properties to withstand coastal storms in the wake of Superstorm Sandy. ...
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.
State Troopers doubling pay with overtime due to staffing shortage, as state braces for mass retirements
An audit of the Department of Emergency Services and Public Protection found that 56 percent of state troopers singled out for review earned more than 100 percent of their base salary through overtime. “These employees’ base salaries ranged from $44,129 to $83,137, while overtime ranged from $50,968 to $190,677,” the ...