Teachers Retirement Fund

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Teacher pension costs to surge, widen hole in next state budget

state capitol dome

State spending on retired teachers’ pensions is set to surge $282.7 million next fiscal year – a 28 percent increase the state is obligated to fund and is likely to worsen budget deficit projections for 2016-17 by $47 million. Continue Reading →

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Malloy in talks with state unions to restructure payments owed pension fund

State budget director Benjamin Barnes answers questions from members of the state Spending Cap Commission.

Gov. Dannel P. Malloy’s administration is in negotiations with state employee unions — but only over how to restructure payments Connecticut owes to its cash-starved employee pension system, not any changes in benefits or employee contributions. Continue Reading →

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Treasurer raises more concerns about Malloy’s plan for pensions

Ben Barnes, the governor's budget director, talks with experts from Boston College's Center for Retirement Research.

While Gov. Dannel P. Malloy intensified his pitch Tuesday to restructure Connecticut’s troubled pension funds, state Treasurer Denise L. Nappier repeated earlier fiscal concerns — and raised new legal questions. The treasurer also said she would offer a “less radical” alternative next month to the governor’s plans for pensions involving state employees and public school teachers. Continue Reading →

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