Everyone knows that Connecticut’s pension system has some serious unfunded liabilities. But state employee pension rules need more than fiscal reform. In a new outrage, a UConn music professor — who has been confronted by serious allegations of child abuse — has just retired with an annual pension of $68,640, courtesy of ...
Yesterday, the Pew Center on the States released a nationwide study of state pension funding shortfalls. The Center’s survey of the states found that 31 out of 50 states were below the 80 percent funded threshold in 2009–this is a sharp increase from the previous year when only 22 percent ...
HARTFORD – The number of retired state employees collecting annual pensions of more than $100,000 has risen to 299 people, a new analysis by the Yankee Institute shows. Of those, 81 individuals receive more than $120,000, or at least $10,000 a month. The top ten biggest pensioners in 2009: Name ...
HARTFORD – The conviction of Hartford Mayor Eddie Perez on corruption charges brings attention to the practice of trading political support for government jobs. A Yankee Institute review of members of the Hartford Democratic Town Committee reveals that 32 of the Committee’s 69 members (46 percent) have government jobs or ...
Maine Offers Connecticut Lesson in What Not to Do By Tarren Bragdon and Fergus Cullen The expression, “As Maine goes, so goes the nation” comes from Maine’s reputation as a national bellwether. But when it comes to health insurance, Connecticut should not take Maine’s lead. Some Connecticut legislators want to ...
HARTFORD – A new report released today by the Yankee Institute warns that Connecticut’s true unfunded liability for pension and other retirement benefits is much bigger than widely assumed. Connecticut’s pension system serving 175,000 active and retired state employees, teachers, and those in the judicial system reports an unfunded liability ...