Connecticut’s teachers may be better off with a 401(k) style, defined contribution retirement plan than under Connecticut’s massively underfunded pension system, according to some number crunching. Assuming a 6.5 percent employer match and adjusted for…
401(k)
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…
CTNewsJunkie published this op-ed on Dec. 23, 2015. [caption id="attachment_3722" align="alignright" width="300"] Image Copyright Mopic, 2013.Used under license from Shutterstock.com[/caption] Recent news reports confirm what many have suspected for some time — young people are…
Kids in Connecticut are born broke - more than $27,000 in debt - because of billions in unfunded pension promises. State estimates suggest citizens owe $25 billion, but this Yankee Institute study found the real…