by Suzanne Bates | March 28, 2014 10:00am
It is true that collectively we are not saving enough for retirement, but the “Retirement for All” bill making its way through the statehouse is not the answer.
Continue reading "OP-ED | Speaking of Underfunded Pensions, Would Your Money Be Safe in a State Retirement Trust Fund?" »
by Christine Stuart | March 12, 2014 5:30am
When it comes to creating a retirement plan for all Connecticut residents there are still more questions than answers as lawmakers seek to find ways to ensure residents are retiring on more than Social Security.
Continue reading "Retirement-For-All Bill Raises Questions" »
by Christine Stuart | March 6, 2014 1:45pm
Fitch Ratings maintained its AA rating for Connecticut bonds in anticipation of the sale of $400 million in general obligation bonds later this month. That’s the good news. The bad news is that Fitch also maintained its negative outlook of the state based on “budget vulnerability.”
Continue reading "Rating Agency Says Outlook For CT Bonds Still ‘Negative’" »
by Christine Stuart | February 28, 2014 5:35pm
The state Bond Commission approved $510 million in general obligation bonds Friday for a variety of projects, which sparked a debate over whether the state is borrowing too much money.
Continue reading "Bond Commission Meeting Sparks Borrowing Debate" »
by Christine Stuart | February 12, 2014 6:30am
A group of former state employee union members, some of whom wanted to change unions after the animosity created by the 2011 concession package, are suing the state and its union in a class-action complaint.
Continue reading "State Employees File Class Action Over Union Dues" »
by Christine Stuart | February 11, 2014 2:11pm
Union officials, a retired couple, and a self-employed graphic designer from Stonington described the need Tuesday for the state to set up a public retirement account for all Connecticut residents.
Continue reading "Public Retirement Account Debate Returns, But Not Much Has Changed" »
by Christine Stuart | January 31, 2014 4:47pm
In what may seem to cynics like another attempt to win back the support of school teachers, Gov. Dannel P. Malloy proposed exempting 50 percent of teachers’ pensions from state income tax.
Continue reading "Malloy Extends Tax Relief To Retired Teachers, Towns, Consumers" »
by Christine Stuart | January 31, 2014 12:53pm
The amount of money Connecticut spends on programs and services that benefit children dropped about $1.8 billion over the past two decades, according to a Connecticut Voices for Children report.
Continue reading "Report: State Spending on Children Dropped Over Last 20 Years, But Surplus Funds Won’t Fill Hole" »
by Christine Stuart | January 31, 2014 10:20am
It received a brief mention in President Barack Obama’s State of the Union address earlier this week, but Connecticut union officials and the Working Families Party want to take the idea of creating retirement savings accounts for all Connecticut residents even further.
Continue reading "Connecticut Wants To Take Obama’s Retirement Idea Further" »
by Christine Stuart | January 30, 2014 12:41pm
(Updated 1:56 p.m.) Gov. Dannel P. Malloy outlined his plan Thursday to spend an estimated $505 million budget surplus, including sending a $55 check to most taxpayers.
Continue reading "Malloy Looks to Refund Taxpayers, Boost Rainy Day Fund" »