Pensions devour towns

JULY 22, 2019 | by Chris Powell | NEWSTIMES (CONNECTICUT)

“Adding evidence that government in Connecticut is becoming mainly a pension and benefit society for its own employees, the New Haven Register reported this week that Hamden has unfunded liabilities of more than a billion dollars, most of it obligations to present and future retirees. As with state government itself and, according to recent reports, Bridgeport and Meriden, Hamden officials long have made fat promises to keep town employees happy but, to keep taxpayers happy, have not taxed enough to put the necessary money aside.”

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