As Connecticut prepares to make a historic $1.6 billion payment toward its unfunded pensions, a new report shows Connecticut has the highest taxpayer debt of any state in the nation. According to Truth in Accounting’s
Pensions
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 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 system.
Connecticut ranked 49th in the country in a new analysis of state fiscal health by Truth in Accounting, due to its massive taxpayer burden of $53,400 per person and, once again, earned the organization’s label
There's a growing recognition among Connecticut state and local government that 401(k)-style retirement plans will be necessary in the long run. The private sector does it, so why are government employees so worried?
If nothing had changed, Connecticut would not be trapped in the situation it is now. But Connecticut also allows collective bargaining agreements to supersede state law, allowing subsequent SEBAC agreements to once again underfund state
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.
When given the choice between Connecticut's failing pension system and the state's defined contribution plan, Robert Guynn took the road less traveled -- and he's doing fine.