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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/