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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

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.