Connecticut had enough assets in 2013 to cover just 48 percent of the long-term pension obligations owed to state employees and public school teachers.
Teachers Pension
Posted inMoney, Politics
Foley’s tax relief on retirement benefits would cost about $100 million
Much of Tom Foley’s last-minute proposal to cut taxes on Social Security benefits already is covered in existing state law. And the GOP gubernatorial nominee’s overall tax relief proposal on retirement benefits would expand Connecticut’s post-election deficit by roughly $100 million next fiscal year.
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.