SEBAC

Recent Posts

State employees overwhelmingly ratify concessions

Unionized state employees have voted by a wide margin to ratify the concession deal negotiated by the administration of Gov. Dannel P. Malloy, shifting the focus to a closely divided General Assembly, where Republicans say they will attempt to reject an agreement worth an estimated $1.57 billion over two years. More than 80 percent of the votes cast favored ratification. Continue Reading →

Filed under: , , , ,

Senate GOP: Overhauling labor laws would save more than concessions

Updated at 3:55 p.m.
Calling $1.5 billion in proposed union concessions insufficient given Connecticut’s $5 billion budget crisis, Senate Republicans called Wednesday for legislators and Gov. Dannel P. Malloy to dramatically reshape labor laws to force larger savings in wages and benefits — with or without union consent. Continue Reading →

Filed under: , , , ,

Concessions draw Democrats’ praise, Republicans’ skepticism

Top Democrats in the House and Senate praised the deal and said trying to close a $5.1 billion deficit in the next budget without the $1.5 billion in potential savings from concessions would be the worst-case scenario. But their GOP counterparts had a very different perspective. Continue Reading →

Filed under: , , , , , , ,

Labor savings is the big unknown in Malloy’s new budget

The new budget Gov. Dannel P. Malloy will propose Wednesday will be based partly on a big assumption — that ongoing talks with state employee unions will produce concessions. But some are worried that to get them, the state must promise to maintain a costly retirement benefits system beyond the current 2022 expiration date. Continue Reading →

Filed under: , , , ,

Brinksmanship at State Capitol over pension deal

Republicans tried Wednesday to scuttle a deal Gov. Dannel P. Malloy struck with state employee unions to avoid spiking pension costs. But the House voted 76 to 72 to ratify the deal, while the Senate followed suit in more dramatic fashion with a tie-breaking vote by Lt. Gov. Nancy Wyman. Continue Reading →

Filed under: , , , , , , ,

Wall Street agency gives CT pension deal a ‘credit positive’

Moody’s Investors Service, one of the four major credit rating agencies, labeled the proposal negotiated by Gov. Dannel P. Malloy’s administration and state union leaders as a “credit positive” for Connecticut in the agency’s weekly credit outlook statement. Continue Reading →

Filed under: , , , , ,

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. Continue Reading →

Filed under: , , , , , , ,

Malloy in talks with state unions to restructure payments owed pension fund

Gov. Dannel P. Malloy’s administration is in negotiations with state employee unions — but only over how to restructure payments Connecticut owes to its cash-starved employee pension system, not any changes in benefits or employee contributions. Continue Reading →

Filed under: , , , , , , ,

Union negotiator’s rebuke blasts GOP over call for concessions

Union leaders have been consistent, if somewhat restrained, in their opposition to granting another round of employee concessions to mitigate looming state budget deficits. But that restraint ended last week when the unions’ chief negotiator sent a stinging rebuke to the Republican legislative leaders who issued the first call for concessions 12 months ago. Continue Reading →

Filed under: , , , , , , ,