Government employee retirement plans

Connecticut Governor Ned Lamont and members of his administration say the impact of the predicted tsunami of state employees retiring from government service appears smaller than first feared.

With just over one week to go before more stringent pension limits take effect, more than 4,400 state employees either have retired this calendar year or filed their written intention to step down before July 1, according to new numbers released Wednesday by Comptroller Natalie Braswell’s office.

Nearly 7,000 state employees in Connecticut this year have either applied for retirement or have filed an “intent to retire” by the end of June, according to the state Comptroller’s Office. These state workers have an incentive to leave sooner rather than later.

But workers collecting the $2,500 bonus can still retire this summer.

For the first time since the recession began, New York's pension fund has announced that local governments will be able to contribute slightly less money…