Unfunded Mandate? Malloy Proposes Forcing Towns to Pay 1/3 of Teachers’ PensionsFebruary 3, 2017
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):
$407 M will be the new local cost of teacher pensions #ctpolitics
— Ken Dixon (@KenDixonCT) February 3, 2017
Watch video of Malloy’s announcement below:
Read Malloy’s proposal and fact sheet here.
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