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Labor, Malloy find common ground on pension funding

Ben Barnes listens to Daniel Livingston during Monday’s meeting. (Christine Stuart photo)
Ben Barnes listens to Daniel Livingston during Monday’s meeting. (Christine Stuart photo)

HARTFORD, Conn. – There’s very little these days that Gov. Dannel P. Malloy’s budget director, Ben Barnes, and Daniel Livingston, the lead negotiator for the State Employees Bargaining Agent Coalition, can agree upon. But shoring up the state’s pension fund is one of them.

State officials plan to put forward recommendations to tackle a spike in pension payments this summer, but those won’t include an option to bifurcate the state employees pension fund and separate the older, mostly retired, employees.

The recommendation to bifurcate the pension plan came from the Center for Retirement Research at Boston College. Malloy hired the consultants last year to study Connecticut’s pension funds and offer solutions.

See the complete story at CT News Junkie.

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