State Treasurer Denise L. Nappier raised strong concerns Friday about Gov. Dannel P. Malloy’s plan to defer billions in contributions to the state employees’ pension until 2033.
pensions
Posted inMoney, Politics
Malloy seeks new storyline with budget gambit
Gov. Dannel P. Malloy’s challenge to legislative leaders to participate in bipartisan budget talks is less a cry for fiscal help than an effort to alter a political narrative that’s failed him in recent months, driving his approval rating to a new low.
Posted inMoney
Connecticut paying today for pension sins of the past
As legislators and others look closely at the cost of state employee salaries and benefits, one crucial factor often gets little or no attention: The overwhelming bulk of costs Connecticut faces today to support pension programs for state employees and public school teachers is from cleaning up problems caused years – and in many cases decades – ago.
Posted inMoney, Politics
CT retirement panel says ‘no’ again in municipal pension case
A state retirement panel dashed the hopes Thursday of six legislators who contend that any retired municipal workers should be allowed to collect a pension and be re-employed by another Connecticut municipality.
Posted inMoney, Politics
Lawmakers seeking to change pension rule told to write a letter
Six legislators hoping to ask a state retirement panel – in person – to effectively rewrite municipal retirement rules in a way Gov. Dannel P. Malloy prevented last month – will have to settle for writing a letter.
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 inMoney, Politics
CT reaches tentative deal with unions on disability pay controversy
Negotiators for the state and its employee unions have reached a tentative agreement that could resolve a long-running controversy over state disability pension payments, the state’s chief labor negotiator said Thursday.
Posted inMoney, Politics
Only debate for treasurer turns ugly fast
The only debate between the candidates for state treasurer devolved into a series of angry clashes Wednesday over the health of state pension funds and their respective ethics.
Posted inEducation, Money
Auditors: More miscues managing CT teachers’ retirement system
The state agency that oversees benefits for 32,000 retired Connecticut teachers came under fire again Thursday from the state auditors. Among other things, it failed to keep track of $50 million owed to a retirement health care program throughout most of 2012 and 2013.
Posted inEducation, Money, Politics
Malloy pays price now for protecting municipalities in 2011
When Gov. Dannel P. Malloy isn’t dismissing the $1.4 billion deficit awaiting state finances after the election, he’s reminding reporters it’s not even 40 percent of the mess he inherited four years ago. What gets less attention though, are the municipal aid and pension reforms Malloy also undertook with bipartisan support.
Posted inEducation, Money, Politics
Malloy wants report by month’s end on CT teachers’ pension system
Gov. Dannel P. Malloy called Wednesday for a report by month’s end on the number of teachers’ pension beneficiaries who have not received payments in a timely fashion.
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 inMoney, Politics
Connecticut’s looming deficit threatens next year’s tax breaks
Gov. Dannel P. Malloy tried to stay upbeat Thursday about a legislative session that began with the promise of tax cuts, but ended with this relief being postponed in the face of a projected budget deficit.
Posted inMoney, Politics
New limit placed on judges’ pensions
One of the late additions to the implementer was a change in how pensions are computed for judges who retire after less than 10 years of service — a reaction to the recent appointment of a politically prominent judge, Anthony V. Avallone, 66, who will who get a $100,000 pension after less than four years of service.
Posted inEducation, Money, Politics
GOP budget scraps Malloy’s gimmicks, rebate — and credit for poor
Minority Republican state legislators pitched an alternative budget Thursday that weeded hundreds of millions of dollars out of gimmicks from Gov. Dannel P. Malloy’s plan and canceled the governor’s controversial rebate.