December 20, 2012
CT Pension Investment In Defense Co. Below $1M
by Christine Stuart | December 20, 2012 12:30pm
The same day President Barack Obama announced the formation of a task force to tackle the issue of violence in the wake of the Newtown shootings, state Treasurer Denise Nappier took a look at the investments in Connecticut’s state pension funds.
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Tags: pension fund, investments, defense, guns, shooting, Newtown, Denise Nappier, dh
October 26, 2012
Murphy: On Demise of Social Security, Don’t Believe The Hype
by Hugh McQuaid | October 26, 2012 12:07pm
On a Friday conference call with roughly 3,300 Connecticut AARP members, Democratic U.S. Senate candidate Chris Murphy tried to dispel some of the hand wringing over the solvency of the Social Security program.
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Tags: U.S. Senate 2012, chris murphy, Linda McMAhon, AARP
October 22, 2012
Survey: 51% Say They’re Not Better Off
by Christine Stuart | October 22, 2012 12:20pm
About 38 percent of the 633 Connecticut residents surveyed by Siena College Research Institute said they are better off today than they were four years ago, but 51 percent say they are not and about 10 percent say their financial condition is unchanged.
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Tags: Don Levy, Siena Research Institute, Connecticut Economy, foreclosure, jobs, economy, dh
October 10, 2012
Malloy Angry About Raises
by Christine Stuart | October 10, 2012 1:02pm
(Updated 3:31 p.m.) Gov. Dannel P. Malloy, who spearheaded the consolidation of the four state universities and community colleges under the Board of Regents, said he was “disappointed” and “angered” to learn of the raises for 22 of its top executives.
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Tags: Board of Regents, raises, salary, university system, college, dh
August 10, 2012
State Pension Funds Lose $1.2B
by Christine Stuart | August 10, 2012 5:24am
After a record-breaking 21 percent return on investment in 2011, Connecticut’s pension plans took a dive this year ending with a negative 0.9 percent return.
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Tags: pension fund, investment return, state employees, teachers, retirement, dh
June 19, 2012
Pew Notes CT’s Effort To Shore Up ‘Worst In the Nation’ Pension Fund
by Christine Stuart | June 19, 2012 5:30am
Many states like Connecticut have begun to take action to reduce their unfunded pension liabilities, but those changes have yet to be reflected in an annual report released Monday by the Pew Center for the States.
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Tags: unfunded pension liability, retirement, state employee, Gov. Dannel P. Malloy, Pew Center for the States
April 27, 2012
Out-of-State Economist Calls For Creation of Public Retirement Accounts
by Hugh McQuaid | April 27, 2012 1:18pm
A retirement security economist was advocating a bill Thursday that would create a taskforce to consider establishing a state-run defined benefit plan for private citizens.
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Tags: Pension, state employee, 401k, IRA, defined benefit plan, hugh mcquaid, dh
April 25, 2011
Appropriations Committee Passes Call for Study of Pension Spiking
by Hugh McQuaid | April 25, 2011 5:16pm
The Appropriations Committee passed a measure Monday that would require the Programs Review and Investigations Committee to conduct a study aimed at curbing retirement “spiking” by state employees.
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Tags: appropriations, state employees, Pension, spiking
April 6, 2011
CPAs to Lawmakers: The State Is Broke
by Christine Stuart | April 6, 2011 5:00am
The Connecticut Society of Certified Public Accountants were at the Capitol Tuesday trying to give legislators the courage to do the right thing by getting rid of the state’s long and short term financial debt.
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Tags: budget, deal, liability, pension
March 17, 2011
Unfunded Pension Liabilities Debated
by Christine Stuart | March 17, 2011 9:50pm
Aside from the more than $3 billion budget deficit, the state’s unfunded pension liability may be one of the biggest issues facing Gov. Dannel P. Malloy and the General Assembly as they seek to bring the state back to fiscal stability.
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