Governor, Unions Reach Deal To Restructure Pension DebtGov. Dannel P. Malloy says he's reached an agreement with state employee union officials to restructure the state's pension payments to help avoid massive payments anticipated in the future.
Connecticut Would Be First State To Split Pension LiabilityConnecticut would be the first state to split its pension system into two funds in order to more easily pay off the unfunded liability, pension experts from Boston College said Tuesday.
State Revokes Pension Over Embezzlement
Back And Forth Over Public Pension Plan
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.
Connecticut Among States With Worst Public Pension DeficitsA 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 .
Pension Savings DisputedA 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.
Malloy Calls For Pension Plan Catch-up PaymentsGov. 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.
Moody's Downgrades State's RatingMoody'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."
Malloy Seeks Rollback In State Employee BenefitsGov. 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.
Fairfield Seeks Pension Money Lost By MadoffLawyers 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.
Authorities Say State Worker Forged Overtime Pay Slips to Gamble