Posted inMoney, Politics

Malloy, Cafero displeased with pension gaffe explanation

Gov. Dannel P. Malloy said Friday he’s not satisfied with one agency’s explanation about how it failed for five years to deliver – or even attempt to contact – a teacher’s pension beneficiary owed almost $200,000. And the top Republican in the House of Representatives said it might be time for an independent review of the state Teachers’ Retirement Board.

Posted inEducation, Money

CT never looked for teacher’s pension beneficiary owed $192K

The state hasn’t looked for five years for a teacher’s pension beneficiary owed $192,000, the state auditors reported Thursday. In a letter to Gov. Dannel P. Malloy, Auditors Robert M. Ward and John C. Geragosian also wrote they fear other beneficiaries have not received funds because of one agency’s longstanding failure to collect sufficient contact information.

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