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Lamont’s pension shift would leave next generation of Connecticut taxpayers deep in debt

MAY 20, 2019 | by Keith Phaneuf | THE CONNECTICUT MIRROR

By Keith Phaneuf, includes “Faced with another multibillion-dollar budget deficit, Gov. Ned Lamont and Democratic lawmakers are weighing whether to shift billions of dollars in pension debt — plus a hefty interest charge — onto the next generation of taxpayers. … Lamont’s idea, which he sketched out for lawmakers in February, would restructure the state’s pension contributions over the next 13 years to save roughly $9.1 billion. … In other words, for us to save $9.1 billion now, the next generation would be stuck paying an extra $27.2 billion.”

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