State Comptroller Kevin Lembo announced today he is developing an alternative plan to restructure Connecticut’s payments into the cash-starved pension fund for state employees. Unlike the plan Governor Malloy offered last month in which Tier 1 pension costs would be separated from the pension fund and paid for as a pay-as-you-go budget line item, Lembo's proposal would not split the pension system into two components (Tier 1 and all others).
Lembo isn’t the only official developing an alternative to the governor’s proposal. State Treasurer Denise Nappier has said Connecticut needs to consider “less radical” changes than the governor proposed and is expected to offer her own proposal in December.
Read the entire story in the CTMirror
Posted 11/17/2015