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Posted inNews

State to defer $100 million in pension payments

State employee union officials said Thursday they have agreed to a plan by Gov. M. Jodi Rell’s administration to delay $100 million in contributions to their pension fund–a move that shrinks the budget deficit projected for this year, but adds to the state’s $15.8 billion in long-term, unfunded pension obligations. “It’s better than cutting spending,” […]