CCM Board calls on Governor and General Assembly to establish a new Pension & Retirement Benefits Reform Commission and not transfer any teachers’ retirement costs to towns until commission assesses matters

CCM Board calls on Governor and General Assembly to establish a new Pension & Retirement Benefits Reform Commission and not transfer any teachers’ retirement costs to towns until commission assesses matters

For immediate release

The Connecticut Conference of Municipalities (CCM) today (Thursday, October 5) called on Governor Dannel Malloy and the General Assembly to establish a new Pension and Retirement Benefits Reform Commission and not transfer any teachers’ retirement costs to towns until the commission assesses all funding issues and determines the best pathway for sustainable pensions for state and local governments.

“Recognizing the deep financial burden that current public employee pension systems have placed on the state and the need to give this matter the benefit of thorough analysis by all stakeholders, CCM’s Board of Directors is requesting that the FY 18-19 state budget proposal establish a Pension  and Retirement Benefits Reform Commission,” said CCM  Executive Director Joe DeLong in correspondence sent to Governor Malloy and state legislative leaders.   

“The Commission would examine state and municipal employee pension matters, including the Municipal Employees Retirement System (MERS) and the Teachers’ Retirement Fund; funding strategies, tier levels and other matters,” stressed DeLong.  “The Commission would propose recommendations to the Governor and state legislators by February 1, 2018, for consideration and action by the 2018 General Assembly.  No municipal contribution to the TRF should be included in the agreed-upon budget proposal until the review and resulting recommendations have been completed.”

See below for complete letter.

Complete CCM Letter to the Governor back to top

 

October 5, 2017

The Honorable Dannel P. Malloy

Governor of Connecticut

Executive Chambers

State Capitol

210 Capitol Avenue

Hartford, CT 06106

 

Dear Governor Malloy:

Recognizing the deep financial burden that current public employee pension systems have placed on the state and the need to give this matter the benefit of thorough analysis by all stakeholders, CCM’s Board of Directors is requesting that the FY 18-19 state budget proposal establish a Pension and Retirement Benefits Reform Commission.   

The Commission would examine state and municipal employee pension matters, including the Municipal Employees Retirement System (MERS) and the Teachers’ Retirement Fund (TRF); funding strategies, tier levels and other matters, as well as the sustainability of other post-employment benefits.  The Commission would propose recommendations to the Governor and state legislators by February 1, 2018, for consideration and action by the 2018 General Assembly.  No municipal contribution to the TRF should be included in the agreed-upon budget proposal until the review and resulting recommendations have been completed.  A matter that impacts such a huge part of the state’s economy and large number of public employees deserves and commands this methodical approach, where empathy and compromise may meet.

Distressed communities like Waterbury have engaged in the kind of fair pension re-structuring that has helped put the city on a more sustainable economic path.  Hartford is also currently engaged in this activity.

CCM and its membership stands ready to work with the Governor’s office on the organization and operational objectives of the proposed Commission.

We are eager to work as partners, to address challenges so that our state can be the economic and social engine that it’s meant to be.

 

Sincerely,

 

Joe DeLong

Executive Director

Connecticut Conference of Municipalities