Recent news reports confirm what many have suspected for some time — young people are leaving Connecticut. How does this relate to pension debt? As a current graduate student who would like to stay in Connecticut after I finish school, I’ll explain. The state has accumulated billions of dollars of pension debt, and now it is trying to figure out how to pay that debt off.
STAMFORD – The featured speaker at the Yankee Institute’s Policy Luncheon had a clear message for Connecticut’s policymakers and opinion leaders: “Fix the state’s unfunded liabilities now!” Curtis Dubay, a Connecticut native and Senior Tax Policy Analyst at the Heritage Foundation in Washington, D.C. spoke to nearly 60 Yankee Institute ...
In an op-ed for CT News Junkie, Yankee Institute Deputy Director Heath Fahle compares Connecticut to its next-door neighbor Rhode Island in terms of each state’s approach to pension and Medicaid reform. The result? Rhode Island is making the hard decisions while Connecticut lags behind. Faced with the same problem ...
Yesterday, the Pew Center on the States released a nationwide study of state pension funding shortfalls. The Center’s survey of the states found that 31 out of 50 states were below the 80 percent funded threshold in 2009–this is a sharp increase from the previous year when only 22 percent ...
HARTFORD – A new report released today by the Yankee Institute warns that Connecticut’s true unfunded liability for pension and other retirement benefits is much bigger than widely assumed. Connecticut’s pension system serving 175,000 active and retired state employees, teachers, and those in the judicial system reports an unfunded liability ...