The Center for Retirement Research at Boston College published a brief saying public pension plans should avoid tailoring their investment strategies to satisfy calls for political, social and environmental justice, known as ESG (environmental, social…
Pensions
In an interview with CNBC, famed investor Warren Buffet warned companies to stay away from states facing major pension problems, a blow to Connecticut which has one of the worst-funded state pension systems in the country.…
Since 2012, Connecticut has paid the full annual cost of pensions for the state’s Judges, Family Magistrates and Compensation Commissioners Retirement System, nevertheless the pension debt for judges has increased during that time. Although much…
Want to know how many state employee pension payments go out of state? Or the average pension payment? What the highest pension payments are and to whom? State Comptroller Kevin Lembo announced a new pension…
State Treasurer Denise Nappier offered a presentation to the state’s Pension Sustainability Commission outlining the difficulties facing Connecticut’s Teachers' Retirement System and suggested transferring $3 billion in state assets and bonds to teacher pension fund.…
Connecticut ranked 49th in the country in a new analysis of state fiscal health by Truth in Accounting because of its massive taxpayer burden of $53,400 per person, once again labelling Connecticut as a “sinkhole state.”…
More and more Connecticut municipalities are moving toward 401(k)-style defined contribution plans, according to data from the Office of Policy and Management. Between 2012 and 2016, the number of municipal defined contribution plans grew from…
Connecticut’s pension crisis for its State Employee Retirement System has consistently been blamed on “decades of underfunding,” which is true… mostly. Missing from the conversation is that in 1971 Connecticut passed a law which says…
An employee of the Commission on Human Rights and Opportunities used excessive paid administrative leave and the state’s Voluntary Schedule Reduction Program to reach exactly 10 years of state service before quitting, making him or…
Connecticut’s new Pension Sustainability Commission held a press conference today in the Legislative Office Building to announce its mission: to consider transferring state assets to Connecticut's pension funds to help reduce the state's unfunded liabilities.…