House Speaker Joe Aresimowicz offered a compromise Wednesday on one of the stickiest points in Gov. Dannel P. Malloy’s budget: asking communities to gradually assume a portion of skyrocketing teacher pension costs.
Denise Nappier
Posted inMoney
Malloy, unions strike deal to stretch out spiking CT pension costs
Updated at 3:50 p.m.
Gov. Dannel P. Malloy announced a deal Friday with state employee unions that would allow Connecticut to dodge a fiscal iceberg by holding down annual pension costs otherwise set to spike over the next 16 years.
Posted inMoney, Politics
CT reviewing its relationship with Wells Fargo
WASHINGTON — Connecticut is reviewing its relationship with Wells Fargo after the bank admitted opening potentially millions of bogus accounts to collect fees from unwitting customers.The state is among the first to take action in response to the scandal.
Posted inCT Viewpoints
Connecticut’s ‘defined benefits’ pension system best for retirees
In a recent article “CT still lags most states in saving for public-sector pensions,” the Connecticut Mirror wrote about a report from Pew Charitable Trusts on the strength of pension funds around the country. The Pew report ignores a number of important pieces of context regarding the growing strength of the Connecticut Retirement Plans and Trust Funds which provides a safe and secure retirement for many Connecticut families.
Posted inPolitics
A primer on public financing of campaigns in Connecticut
Tom Foley makes his third try today to qualify for public financing, suddenly a make or break step for candidates in the race for governor. Here’s how the program works.
Posted inPolitics
Yes, it’s that time again: Campaign ads return to CT airwaves
The snow is melting, the robins are back, the Red Sox are playing meaningful games again — and a candidate for state office in Connecticut has made the first TV buy of 2014. The ad is from Bob Eick, a Republican candidate for treasurer.