pension

Connecticut State Seal

Back And Forth Over Public Pension Plan

HARTFORD, Conn. (AP) – Business and organized labor are again fighting over Connecticut’s proposed public retirement plan. Neither side got exactly what it wanted in the first battle that ended when Gov. Dannel P. Malloy […]

10/18/2014

Bristol

With Many Pensions Under-Funded, Bristol’s Is Over-Funded . . . by $370 Million

Bristol’s pension plan is so flush with cash it’s considering investing a few hundred thousand dollars in companies to boost economic development.

09/07/2012

(Courtesy www.pewstates.org)

Connecticut Among States With Worst Public Pension Deficits

A new study of public pension funding by the states has determined that Connecticut has one of the top-ten unfunded pension liabilities in the country, with 53 percent of the $44.8 billion it owes long-term .

06/18/2012

Pension Savings Disputed

A nonpartisan analysis shows a $3.1 billion difference between how much Gov. Dannel P. Malloy expects to save from changes to the state’s pension plan, and how much the General Assembly’s budget office is now projecting.

01/27/2012

The state Capitol in Hartford. (Matt Dwyer/WTIC Photo)

Malloy Calls For Pension Plan Catch-up Payments

Gov. Dannel P. Malloy has unveiled a plan that will speed up state payments to Connecticut’s underfunded state employee pension system, a move he says will ultimately make it fully funded by 2032.

01/23/2012

Moody's (Joel Saget/AFP/Getty Images)

Moody’s Downgrades State’s Rating

Moody’s Investors Services has downgraded Connecticut’s general obligation bonds from the Aa2 rating it has held for 21 months to Aa3. Budget chief Ben Barnes lashed out — saying Moody’s took the action to detract attention from what he called the rating’s services “historic lack of credibility.”

01/20/2012

Dannel Malloy (Jessica Hill/AP Photo)

Malloy Seeks Rollback In State Employee Benefits

Gov. Dannel P. Malloy wants Connecticut lawmakers to roll back some state employee benefits now that workers have defeated a labor-savings and concessions deal that included benefits changes.

06/29/2011

File photo of a gavel (Photo by Joe Raedle/Getty Images)

Fairfield Seeks Pension Money Lost By Madoff

Lawyers representing Fairfield, Conn., are facing off in court with lawyers for family and associates of disgraced financier Bernard Madoff in an effort to reclaim about $42 million lost by the town’s pension fund.

05/19/2011

Authorities Say State Worker Forged Overtime Pay Slips to Gamble

NEW LONDON, Conn. (AP) _ A Plainfield woman charged with fraudulently getting overtime pay at her state job when she was actually gambling has been sentenced to two years in jail. Lisa Bloomer also forfeited […]

01/04/2011

Attorney General Seeks to Revoke Perez Pension

HARTFORD, Conn. (AP) _ Connecticut Attorney General Richard Blumenthal says he has filed court papers to revoke the pension of former Hartford Mayor Eddie Perez. Blumenthal announced Monday during a news conference that he has […]

09/27/2010

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