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Unfunded Mandate? Malloy Proposes Forcing Towns to Pay 1/3 of Teachers’ Pensions

February 3, 2017 By Staff
Unfunded Mandate? Malloy Proposes Forcing Towns to Pay 1/3 of Teachers’ Pensions

On Friday, Gov. Dan Malloy (D-Conn.) announced a new proposal to have towns and cities pay one-third of their teachers' pensions, at a total cost of $407 million.

On Friday morning, Gov. Dan Malloy (D-Conn.) continued rolling out aspects of his budget that will impact towns and cities. Today, Malloy proposed having towns and cities pay one-third of their teachers’ pensions costs.

Reporter Ken Dixon pointed out that this mandate will cost towns and cities $407 million (one-third of the total estimated cost of teachers’ pensions across the state, $1.2 billion):

Watch video of Malloy’s announcement below:

Read Malloy’s proposal and fact sheet here.

Also, see Reclaim Connecticut’s coverage of Malloy’s Wednesday and Thursday press conferences, in which he also announced changes for towns and cities in his new budget.