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…
Pensions
[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"] There are only a few states that generally rank lower than Connecticut in terms of fiscal stability and outlook and New Jersey is usually one…
[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"] Connecticut state employee unions threatened a lawsuit against the state if future reforms to state employee benefits are included in a bipartisan budget. The budget…
[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"] Connecticut would have to pay 35 percent of its tax revenue over 30 years in order to meet all its pension and retiree healthcare liabilities,…
[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 report by Connecticut state auditors revealed a number of instances of wasteful spending in the state employee retirement system amounting to millions in overpayments or…
Fringe benefit costs for Connecticut state employees can range anywhere from 56 percent of payroll to 86 percent for judges, family magistrates and compensation commissioners, according to a memorandum from state comptroller Kevin Lembo. The…
Monday night -- in a vote so close that Lt. Gov. Nancy Wyman had to be called in to break the tie -- Connecticut’s state Senate voted to approve Gov. Malloy’s government union deal. A…
Over one thousand retired state employees are receiving six-figure pensions, a nine-fold increase since 2010 when only 110 retirees received six-figure pensions. According to data from the state comptroller's office the six-figure pensions for 1,030…
Republicans have proposed 19 separate bills to eliminate the income tax from pension payments and social security benefits. The proposals come as the state battles a number of issues including a $1.7 billion budget deficit…
One in five pension checks for retired Connecticut state employees are mailed out of state, according to October figures provided by the state comptroller’s office. Every month more than $25 million in pension payments goes out of…