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TEACHER PENSION TENSION
Attached is a List of
Teacher Pension Payments
The Top 10 include
$346,720; $226,145;
$217,515; $214,607; $206,397;
$204,274; $193,665;
$192,395; $191,214; $189,163
AS DEMOCRATS SAY YES!
AND REPUBLICANS SAY
NO!
TO SHIFTING $73
MILLION IN
TEACHER PENSION
PAYMENTS TO TOWNS!!!!
the Hartford Courant reports
Democratic lawmakers support Lamonts
plan to have cities and towns pay for teachers
pensions
The
proposal by Governor Lamont as supported by Democratic Lawmakers will have a debilating impact on homeowners throughout Connecticut as
municipal taxes are increased to pay for these pensions which exceed $300,000;
$200,000; and $100,000, etc The result could be an increase in Property
Tax Lien sales wherein honest, law abiding homeowners are literally taxed out
of their homes through increased property taxes.
The State of Connecticut is Drowning in Debt
as Headlines read
Connecticut
Confronts an Underfunded Pension Liability of as Much as $100 Billion (Ken
Dixon / New Haven Register)
Connecticut
Needs to Defuse Its Retirement Debt Bomb (op-ed - David M. Walker / Hartford
Courant)
Connecticut
Has Lowest Pension Funding in the Country, According to Report (Marc E. Fitch /
Yankee Institute)
For
years, Connecticut voters and taxpayers have been oblivious to what has been
transpiring every time State and Local Public Sector Unions and/or their
representatives go behind closed doors with our Elected Public Officials out of
the public eye to negotiate and then solidify PUBLIC SECTOR UNION CONTRACTS. And
when that door opens, some might speculate you can hear a shout out which sounds like
Because
the Love Fest between these two powerful players in the Board Game LETS MAKE A
DEAL WITH TAXPAYER DOLLARS has produced an offspring with an unhealthy,
insatiable appetite for money - $$$$ - YOUR MONEY as The
CT Mirror reports
Pension debt
stands between Lamont and fiscal stability for CT
The
following are excerpts: The teachers
pension has enough assets to cover just 58 percent of its long
term obligations. What consumed about 10 percent of the General Fund two
decades ago now eats up nearly one third and is projected to gobble far more by
the early 2030s. Between 1939 and 2010, Connecticut massively
under-funded its pensions for teachers and for state employees. Connecticuts punishment for these fiscal sins, according to
a 2015 study by Center for Retirement Research at Boston College, is a harsh
one: the states annual payments to each pension fund
would grow from just over $1 billion to more than $6 billion by 2032. Continue
reading at https://ctmirror.org/2019/02/15/pension-debt-stands-between-lamont-and-fiscal-stability-for-ct/