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Northeast deal volume up 4.8% in first six months

Northeast deal volume up 4.8% in first six months
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Connecticut names Wright CIO of $40 billion pension fund

Connecticut names Wright CIO of $40 billion pension fund
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The Day - Pension outlook improves, at least a bit - News from southeastern Connecticut


Published July 19. 2021 6:07PM 
By
In 2014, The Day published a series of stories that revealed the seriousness of the pension crisis confronting Connecticut. For decades state elected leaders had negotiated labor contracts with state workers committing Connecticut taxpayers to provide generous pension payments and health benefits, but had failed to set aside the funds to pay those obligations.
The result was a grossly underfunded state pension system that would require the legislature to provide ever larger payments to meet these obligations, crowding out spending for other programs.
The New Haven-based advocacy group, Connecticut Voices for Children, for example, reports that 20 years ago about 40% of state spending was devoted to education, health care, and social programs that support children, a figure that is now closer to 30%.

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Report: Extra pension payments mean savings now — and down the road

Report: Extra pension payments mean savings now — and down the road
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Lembo: Extra pension payments mean big savings now

Lembo: Extra pension payments mean big savings now
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Lembo: Extra pension payments mean big savings now — and down the road

Lembo: Extra pension payments mean big savings now — and down the road
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CT officials urge companies to do better on climate change

CT officials urge companies to do better on climate change
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Editorial Roundup: New England

Editorial Roundup: New England
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Connecticut legislature to debate marijuana bill in special session

Connecticut legislature to debate marijuana bill in special session
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Connecticut Politics Week in Review: Legal weed vote will have to come in special session later this month; lawmakers adopt $46 billion state budget

Gov. Ned Lamont got his wish and Connecticut lawmakers adopted a budget on time before the end of the regular legislative session, giving cities and towns, nonprofits and others some sense of certainty for the fiscal year beginning July 1. But a vote on marijuana in the House was not to be in the session’s final days, so lawmakers will be back in a special session. Want to get this in your ...

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