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Published July 19. 2021 6:07PM  By In 2014, The Day published a series of stories that revealed the seriousness of the pension crisis confronting Connecticut. For decades state elected leaders had negotiated labor contracts with state workers committing Connecticut taxpayers to provide generous pension payments and health benefits, but had failed to set aside the funds to pay those obligations. The result was a grossly underfunded state pension system that would require the legislature to provide ever larger payments to meet these obligations, crowding out spending for other programs. The New Haven-based advocacy group, Connecticut Voices for Children, for example, reports that 20 years ago about 40% of state spending was devoted to education, health care, and social programs that support children, a figure that is now closer to 30%.

United statesKevin lemboR east lymeCathy ostenJohn fonfaraPaul formicaShawn woodenOffice of fiscal analysisNew haven basedConnecticut voicesTreasurer shawn woodenComptroller kevin lemboGeneral fundFiscal analysisState employees retirement systemThe day