Teachers Retirement Fund

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Advocates for teachers, towns say voters oppose pension cost shift

The survey, commissioned by the Connecticut Education Association and the Connecticut Conference of Municipalities, found 64 percent of voters would cast ballots against legislators who back such a plan. Continue Reading →

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Malloy: Pension bills for CT towns part of a larger plan

The shift of $400 million in teacher pension costs onto municipalities is part of a much larger plan not only to close a significant projected state deficit, but also to address long-ignored inequities in municipal funding, the governor said. More details of that plan are expected today. Continue Reading →

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Teacher pension costs to surge, widen hole in next state budget

State spending on retired teachers’ pensions is set to surge $282.7 million next fiscal year – a 28 percent increase the state is obligated to fund and is likely to worsen budget deficit projections for 2016-17 by $47 million. Continue Reading →

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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 →

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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. Continue Reading →

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