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 represents an increase of more than 200 individuals since the previous count by the Hartford ...
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 hook for higher annual payments. Pension and retirement healthcare funds are invested in the ...
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 faced a $256 million unfunded pension liability and the city’s pension system was only 16.9 ...
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 those states is much more constrained than that which he prescribes for Connecticut. More importantly, ...
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 is in large part an agent of the state’s government-employee unions, with all of us ...
“As Governor Ned Lamont meets with legislative leaders tomorrow to discuss transportation funding, we hope he will remember his campaign promise to save taxpayer money by reaching a deal with Connecticut’s government unions. Connecticut’s fiscal problems stem – not from a lack of transportation funding and not from the absence ...