Posted on January 6, 2017
HARTFORD – The just released audit of the state employee pension funds shows Connecticut is the worst funded pension plan in the country and underscores the need to rein in worker benefits before the system goes bust, House Republican Leader Themis Klarides said today.
She pointed to a series of Republican proposals that have been crafted in recent years, including creating a defined contribution system for new hires and reforming the overtime payment guidelines for state workers. Connecticut’s pension plan is funded at 35.5 percent, lower than Kentucky which is second worst in the country at 37 percent.…