
Newsmakers
Connecticut Leaders Agree to Reform State Pension System
Governor says changes will save the state and its cities more than $840 million over 31 years.
Governor says changes will save the state and its cities more than $840 million over 31 years.
Widespread protests and no-confidence votes respond to move to force through legislation that increases the retirement age to 64 from 62.
The proposed pension reform would affect workers hired after Sept. 1, 2022.
Law, opposed by governor, is allowed to stand, requiring teachers to contribute more and work longer before earning benefits.
Multiemployer pension reform has been ruled eligible to be included in the $1.9 trillion COVID-19 relief package.