Yankee Institute for Public Policy

State Employee Fringe Benefit Costs to grow $544 Million over Two Years

By Marc E. Fitch May 1 , 2019

Featured, Pensions, Uncategorized

The Appropriations Committee released its state funding recommendations Tuesday, which showed a $544 million dollar growth in fringe benefit costs for Connecticut state employees between 2019 and 2021. The Appropriations Committee budget recommendations largely fell…

Connecticut Taxpayer Burden Increases to $53,400, According to New Report

By Marc E. Fitch October 1 , 2018

Pensions, Yankee News

Connecticut ranked 49th in the country in a new analysis of state fiscal health by Truth in Accounting because of its massive taxpayer burden of $53,400 per person, once again labelling Connecticut as a “sinkhole state.”…

Connecticut Law Requires Full Funding of Pensions, SEBAC Overrode It

By Marc E. Fitch September 26 , 2018

Pensions, Yankee News 3 Comments

Connecticut’s pension crisis for its State Employee Retirement System has consistently been blamed on “decades of underfunding,” which is true… mostly. Missing from the conversation is that in 1971 Connecticut passed a law which says…

Connecticut fringe benefit rates jump as much as 52 percent in 2018

By Marc E. Fitch June 20 , 2018

Labor, Pensions, Yankee News 5 Comments

Fringe benefit rates for Connecticut’s state employee and teacher retirement plans in 2018 jumped as much as 52 percent, according to figures released in a memorandum from the Comptroller’s Office. The Comptroller’s Office said in…

Fringe benefits for state employees cost up to 86 percent of payroll

By Marc E. Fitch August 10 , 2017

Pensions, Yankee News

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…

SERS

State Employee Fringe Benefit Costs to grow $544 Million over Two Years

Connecticut Taxpayer Burden Increases to $53,400, According to New Report

Connecticut Law Requires Full Funding of Pensions, SEBAC Overrode It

Connecticut fringe benefit rates jump as much as 52 percent in 2018

Fringe benefits for state employees cost up to 86 percent of payroll

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