Labor & Economic News Blog


Monday, May 01, 2006

Concerns increase over state pensions

Concerns increase over state pensions
Source: NY Times
CONNECTICUT teachers have rallied throughout the state this year for a constitutional amendment ensuring that the state will pay into their pension fund, which officials say is more than $5 billion short. Teachers want to stop lawmakers from repeatedly failing to pay into the plan at required levels.

But the teachers are not alone in their predicament. Other state pension funds are in the red, causing concern among union leaders and catching the attention of bond rating experts.

 



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