> Pct. liability funded: 53%
> Total liability: $44.8 billion (22nd largest)
> Total funded: $23.8 billion (24th smallest)
> S&P credit rating: AA
Connecticut has fallen short of paying its full annual pension payout three times between 2005 and 2010, and just over half of its liabilities were funded. In 2011, state unions agreed to concessions worth $1.6 billion, including changes to pensions, to avoid widespread layoffs. Some of the concession the unions agreed to, among others, were raising the retirement age by three years for those who retire after 2017 and increasing the penalty for employees who retire early. Despite the changes, Moody’s Investor Services downgraded the state’s credit rating from Aa3 to Aa2. The downgrade was partially due to unsustainably high retirement costs and “pension funded ratios that are among the lowest in the country.”
Memo to Danny boy... You must TAX more ....you can do it... (with the LIBERALS in Hartford, here's your chance...)
Thank You Weicker for creating an income tax...as you said when you ran for governor...it like pouring Gas on a fire.. You didn't pour a little gas on it... You, LP Wack Job, poured SAUDI ARABIA on it!!
CT Tea Party... Wake up and elect SMART PEOPLE...(err... sorry, I forgot I left!!)
Unions have been robbing the cookie jar for decades..
Parasites that always want MORE.. Vampires.. Tape-Worms.. and Ticks..
Givernment Employee Unions are the worst.. Vampires..
True whether Federal, State or Local.. givernment..
Extreme costs projected to all givernment and corporate interests..
ALL prices of everything go up because of Unions and not just givernment Unions.. Its worse in non right to work States.. Unions are a societal disease.. toxic to a good economy.. even to a healthy economy..
Government union employees are NOT parasites!
Predators? Sure.
Scavengers? Sure.
On the Serengeti Plain of modern life, bureaucrats are the lions and hyenas and vultures - taxpayers are the gnus and zebras - prey.