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December 26, 2014

OP-ED | Political Courage Needed to Effectively Tackle Deficit

by Will Hermann | December 26, 2014 10:48am

No matter who is governor of Connecticut, the problem of projected state budget deficits likely will never be addressed in the long term. This problem is mainly an institutional one because a governor has more to gain politically by using budget gimmicks to address short-term deficits than by making the tough decisions that are necessary to address the problem in the long term.

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December 13, 2014

OP-ED | Omnibus? Try Ominous

by Sal Luciano | December 13, 2014 6:53pm

In case you missed it, there’s a monster lurking in our nation’s capital. It’s assumed the form of a 1,603-page, $1.1 trillion spending package written (allegedly) to avert another government shutdown.

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December 5, 2014

OP-ED | Yelmini Says Union Leaders Are As Guilty As Rowland for Pension Debt

by Suzanne Bates | December 5, 2014 12:24am

Posted with permission from The Hartford Courant
For years union leaders agreed to underfund the state’s public pension funds in exchange for perks offered up by whoever the governor was at the time — whether the perks were increased pay, greater job security, or an early retirement scheme.

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December 3, 2014

Funding Ratio Falls for State Employee Pensions

by Christine Stuart | December 3, 2014 5:30am

An actuary hired by the state recently estimated that pension obligations for active and retired state employees totaled $51 billion in 2014, and the funded ratio over the past two years has declined slightly.

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October 29, 2014

Candidates For State Treasurer Spar In Their Only Debate

by Christine Stuart | October 29, 2014 8:28pm

Courtesy of NBC Connecticut The one and only 25-minute debate between Democratic State Treasurer Denise Nappier and Tim Herbst, her Republican challenger, wasn’t long enough. The two candidates sparred after the debate at NBC Connecticut’s West Hartford studio.

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September 23, 2014

Herbst Tries To Engage Nappier

by Kristi Allen | September 23, 2014 4:30am

Kristi Allen photo If a Republican challenger attacks a Democratic incumbent and no one responds, does he still make a sound?

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September 15, 2014

Poll: Connecticut Investors Not As Bullish As Investors Nationwide

by Cara Rosner | September 15, 2014 4:30am

dreamstime Most high net worth investors nationwide are optimistic that the economy will hold steady or improve in the coming year, but those in Connecticut don’t appear as confident as their peers elsewhere, according to a new poll.

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September 2, 2014

Yankee Institute Says Unfunded Pension Liability Larger Than Reported

by Christine Stuart | September 2, 2014 4:30am

A new analysis of Connecticut’s unfunded pension liability by the conservative Yankee Institute claims that its unfunded liability is much higher than an actuary for the state has estimated.

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August 6, 2014

Retirement Board Worries $400K Won’t Be Enough

by Madeline Stocker | August 6, 2014 9:28pm

Madeline Stocker photo A board that is working toward offering a state-administered retirement plan met for the first time Wednesday and discussed its aspirations for the future, and its funding challenges.

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July 17, 2014

OP-ED | A Better Retirement Future

by Martin Looney & Joe Aresimowicz | July 17, 2014 4:30am

CTNJ file photo As our citizens approach retirement, far too many of them rely exclusively on Social Security as retirement income. While Social Security has lifted many senior citizens out of abject poverty, it does not in fact provide a decent living for those with no other source of retirement income. This problem will become one of extraordinary urgency as more and more baby boomers reach retirement age.

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