The amount of money Connecticut expends on overtime payments and workers' compensation costs is outpacing its nearest neighbors, according to a report by the Boston Consulting Group. The report, which looked for ways to make
Pensions
A Labor and Public Employees Committee bill set for a public hearing would allow the automatic deduction of union dues or political donations from pension checks. The bill – An Act Concerning the Right of
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’s fixed costs like Medicaid, debt service and retiree benefits continue to grow faster than state revenue and make up 52 percent of the state’s budget, according to the Office of Fiscal Analysis. In fiscal
An updated study published by the Yankee Institute on Wednesday found that Connecticut government employees earn 28 percent more than comparable private sector employees, largely due to public employees’ generous retirement benefits. That difference adds
More than 1,600 retired state employees now have pensions over $100,000 per year, totaling an annual payout of $191.9 million, according to numbers provided by the State Comptroller’s Office. The 1,609 retirees receiving six-figure pensions
The State of Connecticut and municipalities face a substantial burden – and now threat – from pension and retiree healthcare funds, as the stock market has plunged in recent weeks, which could leave taxpayers on
The Rhode Island Supreme Court has upheld a Superior Court decision to allow the City of Cranston to cut cost of living adjustments for city retirees, citing the city’s dire fiscal problems. In 2011, Cranston
Governor Lamont hosted Govs. Baker and Raimondo recently, and reported that his fellow governors had urged him to keep on fighting for statewide tolls. He failed to note that the tolling adopted by each of
Governor Lamont’s expensive accounting gimmick to buy a little more breathing room in the upcoming biennial budget reveals more than just bad fiscal instincts. It demonstrates once again and beyond any doubt that this government