The CT Mirror (https://ctmirror.org/tag/teachers-retirement-system/)
If legislators vote on a new state budget Thursday, it may include a complex proposal from Gov. Dannel P. Malloy to restructure skyrocketing contributions to the teachers’ pension program — potentially inflating and then shifting billions of dollars in expenses onto a future generation. Continue Reading →
Gov. Dannel P. Malloy has offered a major compromise to end the state budget standoff, scaling back his proposed shift of teacher pension costs to cities and towns by half. Continue Reading →
Gov. Dannel P. Malloy has been sparring with his fellow Democrats in the House of Representatives over how much new tax and fee revenue should be raised for the budget. But the real debate is over what type of revenue should be raised — not how much. Continue Reading →
Connecticut’s cash-starved pension funds for state employees and municipal teachers got a big boost last fiscal year, state Treasurer Denise L. Nappier reported Monday. Continue Reading →
Gov. Dannel P. Malloy has recommended more than $700 million in cuts to municipal aid to help compensate for a $1.5 billion projected decline in state income tax receipts over the next two years. Continue Reading →
John A. Elsesser, longtime Coventry town manager, has been one of the leading figures in municipal government for nearly four decades. He understands the varied and intensifying fiscal pressures facing Connecticut and its municipalities, recognizes the need to raise revenue; and sees one possible way to do it fairly — a commercial activities tax. Continue Reading →
House Speaker Joe Aresimowicz offered a compromise Wednesday on one of the stickiest points in Gov. Dannel P. Malloy’s budget: asking communities to gradually assume a portion of skyrocketing teacher pension costs. Continue Reading →
Municipalities and hospitals both fear the new cost burdens they would assume in Gov. Dannel P. Malloy’s budget would grow quickly as state retirement benefit costs surge in the coming years. Continue Reading →
Gov. Dannel P. Malloy said Friday his proposed budget would shift $400 million, nearly one-third of the cost of municipal school teachers’ pensions, onto cities and towns next fiscal year — a move that would hit the state’s wealthiest communities the hardest. Continue Reading →
The budget that Gov. Dannel P. Malloy will present to the legislature Feb. 8, in an attempt to close $3 billion in deficits over the next two years, is only a portent of a far greater, long-term challenge facing the state. First in a series. Continue Reading →
While state government continues to explore spreading its pension debt among future generations, Connecticut apparently won’t have that option when it comes to benefits owed its public school teachers. Continue Reading →