Latest Blog Entries
Faced with mounting retiree healthcare costs, Connecticut towns are making changes to get out of the healthcare business altogether.
Matt Gallagan, town manager of South Windsor, said they no longer provide health benefits for retirees. Instead retirees can purchase a health plan through the town. South Windsor is one of several towns and cities that have moved away from providing long-term health benefits for their retirees.read more
As Gov. Dannel Malloy and the state legislature grapples with rising costs from unfunded pension liabilities, some Connecticut cities and towns have managed to tackle their own pension problems head on.
Municipalities like Danbury, Norwalk, Stratford and South Windsor have switched from defined benefit retirement plans to 401(k) style plans and changing retiree healthcare packages to stem the long-term costs to the towns.read more
Welcome to the Connecticut Municipal Employee Retirement System (CMERS), a state-run pension plan for local public employees that’s a little like the Hotel California: Once you’re in, good luck getting out.
This state restriction on towns in CMERS stands in the way of reforms that would make retirement benefits for municipal employees safer and more sustainable – and it should be repealed.read more
The Yankee Institute for Public Policy Studies is a research and citizen education organization founded in 1984 under section 501(c)(3) of the Internal Revenue Service code. As one of America’s oldest state-based think tanks, Yankee develops and advocates for free market, limited government public policy solutions in Connecticut.
Yankee Institute for Public Policy 216 Main Street Hartford, CT 06106 Phone: 860-282-0722