Pension Funding Agreement:
The Pension Funding agreement signed last week still has to go before the legislature. Generally, Labor/Management agreements are placed on the legislative calendar and will pass after 30 days if there is not a vote on the agreement (the Legislature will convene in January 2017). In a preview of what's to come, the Republican caucus in both chambers of the legislature are pushing for a vote on the agreement rather than letting it pass without a vote. The main sticking point for the Republican caucus is that the agreement does not include higher pension contributions from State employees. Since it was the legislature that underfunded the pension for 70 years, perhaps the next agreement should require current legislators to cough up their salaries to cover the pension liability rather than continuing to demand that current employees pay for the debt the legislature created. CTMirror article on the political battle
posted 12/19/16