In a recent piece, the CTMirror addressed the persistent issue of outmigration of the affluent – and whether it was a matter of fact or myth. With some reluctance, the authors concluded what Yankee has repeatedly demonstrated: that many of Connecticut’s wealthy – and even its not-so-wealthy – are packed ...
Connecticut teachers receive the highest average pensions, while Connecticut state employees rank second according to an analysis by a New Jersey based actuary. Connecticut’s teachers averaged $50,502 in pension payments putting them in the top spot, ahead of Illinois. State employees ranked second in the nation, behind California, with average pensions of $40,438.
A proposal to create a government-run retirement plan for private employees would ultimately hurt the very people it aims to help, according to testimony from Kim Chamberlain of the Securities Industry and Financial Markets Association before the Labor and Public Employees Committee. The American Retirement Association, which supports a public retirement system, testified they could not support this legislation “in its current form.” The group labeled the proposed bill “confusing and costly.”
In response to Gov. Dannel Malloy's planned budget cuts, the SEIU, District 1199, released a television ad Monday featuring some of its members declaring that they are “not a political football.” However, based on some of the salary and benefit packages these workers received it would appear they have already scored a touchdown.