Closing the Gap(s)

Posted on January 24, 2012. Filed under: Uncategorized |

Yesterday, Gov. Dannel Malloy told of a tall order: funding the state employee pension fund.

According to the Wall Street Journal, Malloy proposed “increasing the state’s annual contributions by about $123 million a year to about $1.059 billion, fully funding the pension system in 20 years.”

The pension system, one of the most underfunded public pension funds in the country,  has historically been a big problem for Connecticut.

Read more about Malloy’s plan.  

This big news actually preceded some MORE big news for Connecticut’s fiscal situation: more budget cuts that will reportedly cut the budget gap.

It’s nice to see some of the larger “elephants in the room” being addressed. Do these two pieces of the puzzle make you breathe a little easier about Connecticut’s fiscal health? Is Malloy’s pension plan a plausible one?

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