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…
Connecticut pensions
No matter who occupies the governor’s office in 2019, he will be faced with a $4.6 billion budget deficit, including 7 percent raises for state employees, and increasing costs for unfunded pension and state retirement…
The number of retired state employees receiving six figure pensions jumped by at least 30 percent since 2016 and more than 1,000 percent since 2010. According to a report by the Hartford Courant, there are…
Trumbull First Selectman Tim Herbst and the Hartford Courant have recently called attention to legislators using mileage reimbursement to increase their compensation and pad their pensions. Connecticut has a part-time legislature. State senators and representatives receive…
Do you remember how it felt watching the stock market plummet during the 2008 recession? Millions of people saw a lifetime of savings in 401(k) plans evaporate when the market tanked out. Many Connecticut residents…
The line item for state employee pensions is one of the fastest-growing items in the state budget. This year, the state will contribute $1.5 billion - almost ten percent of the General Fund - to…