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Posted inMoney, Politics

GOP plan includes end to bargaining for state retirement benefits

Republican legislators offered a blueprint Monday to curb future state spending by, among other things, no longer guaranteeing worker retirement benefits by contract. The plan also would require several new concessions by state employees, restrict borrowing and overtime, and accelerate closure of the Connecticut Juvenile Training School.

Posted inMoney, Politics

Treasurer raises more concerns about Malloy’s plan for pensions

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.