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
Gov. John Rowland
More than 27,000 current state employees are receiving cash payouts or extra vacation time as the result of a lawsuit settlement with Connecticut’s state employee unions, which dates back to 2003. According to the lawsuit,
Reports surfaced Monday about a tentative deal between Gov. Dannel Malloy and the state employee labor unions to achieve $1.5 billion in concessions over the next two years and extend the state employee contract to 2027.
Payments awarded to state employees through a 2015 SEBAC settlement includes a 5 percent interest rate from the date of loss in 2003. Due to the size of the settlement and the number of claims
The settlement of a 2003 lawsuit by the State Employee Bargaining Agent Coalition against Gov. John Rowland has increased the Connecticut budget deficit by $18 million according to figures released by the Office of Fiscal Analysis.
[et_pb_section admin_label="section"][et_pb_row admin_label="row"][et_pb_column type="4_4"][et_pb_text admin_label="Text" background_layout="light" text_orientation="left" use_border_color="off" border_color="#ffffff" border_style="solid"] A major state political party is under federal investigation. Is this 2016, or has Connecticut collectively flashed back to 2004 when its governor resigned and headed