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Malloy faces uphill battle in selling pension plan changes

Jean-Pierre Aubry of the Center for Retirement Research at Boston College explains his report on Connecticut’s pension system.   (Christine Stuart photo)
Jean-Pierre Aubry of the Center for Retirement Research at Boston College explains his report on Connecticut’s pension system. (Christine Stuart photo)

HARTFORD, Conn. – Two constitutional officers from the same political party say there are still too many unanswered questions about Democratic Gov. Dannel P. Malloy’s draft proposal to change the pension system for Connecticut state employees and teachers.

State Treasurer Denise Nappier has applauded Malloy’s efforts to stabilize Connecticut’s pension systems, but isn’t certain about the path he’s taking.

“There are a myriad of investment, legal, actuarial and tax issues with which the state must contend,” Nappier said last week. “In addition, any plan must ensure that we honor our commitments to our retirees. That obligation is inviolate.”

See the complete story at CT News Junkie.

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