NEWS FLASH – Malloy, State Employee Unions DROP KICK $13 billion plus onto the backs of our children
Governor Dannel Malloy, in concert with Connecticut’s State Employee Unions, have joined forces to shift a major portion of Connecticut’s massive unfunded pension liability onto the backs of Connecticut’s children and those yet to come.
Call it an outrageous effort to kick the can so far down the road that no one will be around to remember what today’s elected officials have done to the economic well-being of those who aren’t yet voters and those who haven’t even shown up on this earth.
Worse yet, the action will probably be taken without a vote of the Connecticut General Assembly.
Warning that such a disastrous deal would be forthcoming, Wait, What? published two recent commentary pieces on the topic.
But the warnings fell on deaf ears as Connecticut’s governor now seeks to duck significant responsibility for paying down Connecticut’s unfunded state employee pension fund.
As CT Mirror explains in a breaking story entitle, Malloy, unions strike deal to stretch out spiking CT pension costs;