Pensions

On Monday, Connecticut lawmakers and budget officials announced that the state had paid billions of dollars in pension debt over the last few years. The state has some of the highest pension debt in the country.

Connecticut Comptroller Sean Scanlon wants more oversight over the state’s disability pension system. His push comes after a report exposed issues within the pension system, according to Hearst Connecticut Media.

Connecticut Gov. Ned Lamont signed a law reforming state municipal pensions that would save the 106 participating cities and towns about $740 million over the next 30 years.

Thanks to a significant increase in state aid secured in the 2023 Connecticut legislative session, Bridgeport residents won’t see an increase in city taxes in the next fiscal year.

A recent analysis from Yale concluded that poor pension fund investments have cost Connecticut tens of billions of dollars over the past decade.

Connecticut officials have announced a deal that would reform the state-run pension plan for municipal employees.

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.

The state of Connecticut is paying down more than $1.6 billion toward its long-term pension debt, which is the largest such payment in state history.The…

Governor Ned Lamont says he plans to deal with upcoming balloon payments for Connecticut’s teacher retirement fund without burdening cities and…