UPDATE: The Great Connecticut State Employee Pension Fix of 2012 ---- A Bust! - Wait, What?

The Great Connecticut State Employee Pension Fix of 2012 ---- A Bust! - Wait, What?:

Hartford’s Milner School debacle gets attention across Connecticut

by jonpelto

Categories: Charter Schools, Corporate Viewpoint, Hartford, Malloy, Stefan Pryor, Steven Adamowski,Wendy Lecker Tags: Jumoke Academy, Malloy, Milner Sch, Stefan Pryor “Connecticut’s May 2012 education reform law provides for state intervention to implement “turnaround plans” in the neediest schools. Hartford’s Milner School was among the state’s first targets. The reformers’ solution was to help Milner School by simply handing it over to the Jumoke Academy, a private charter school operator. In support of the move, Education Commissioner Stefan Pryor, a [...]

The Great Connecticut State Employee Pension Fix of 2012 —- A Bust!

by jonpelto

Attention Connecticut Taxpayers…

Attention Retired and Active State Employees…

The Great Pension Fix of 2012 isn’t the guaranteed fix that everyone thought it was…

One of the most important fiscal issues facing Connecticut and its future is the State’s incredible unfunded pension liability.

Adequate funding will directly impact more than 100,000 Connecticut families, as retired and active state employees, look to the State Employee Retirement Fund (aka the State Employee Pension Fund) to fulfill its legal obligation.

However, despite knowing that the financial obligations were building higher and higher, Connecticut’s public officials failed to invest the necessary funds to pay for the future pensions that it was committing too.

In no other area of Connecticut state government has fiscal policy been so poorly