Consultant: Connecticut could see up to $900M in savings as retirement ‘tsunami’ approaches

Excerpt:

A study of Connecticut’s state government in advance of an expected wave of retirements next year has identified as much as $900 million in potential savings in executive agencies with total budgets of $14 billion, while acknowledging the significant obstacles to making changes in one of the most heavily unionized public-sector workforces in the United States.

The report released Wednesday by the administration of Gov. Ned Lamont says 8,000 of the 30,000 executive-branch employees are eligible to retire by July 1, 2022, when retirement benefits will be reduced under the terms of a 2017 concession deal. A survey found about 70% of the eligible workers were leaning toward retiring.

The highest percentage of expected retirements is among employees responsible for public safety and caring for at-risk children and people with intellectual disabilities and mental illnesses. As such, the exodus poses daunting challenges to maintaining essential services and perhaps offers once-in-a-generation opportunities for fundamental change. 

Author(s): MARK PAZNIOKAS

Publication Date: 31 March 2021

Publication Site: CT Mirror

Restaurants and other business can go back to full capacity on March 19 as Lamont rolls back COVID restrictions in CT

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Excerpt:

Gov. Ned Lamont said Thursday that Connecticut will eliminate capacity limits on restaurants, houses of worship, retailers and most businesses on March 19 but will retain mandates for social distancing and masks as a precaution against a resurgence of COVID-19.

The rollback comes as about 60% of Connecticut residents 65 and older have been vaccinated against the coronavirus, helping to drive down hospitalizations, new infections and deaths to their lowest point in 2021, though still higher than last summer.

The governor’s announcement was expected. It comes after Texas, Mississippi and three other states took more aggressive steps to end mask mandates and business restrictions, a move denounced as premature by President Joe Biden.

Author(s): MARK PAZNIOKAS, JENNA CARLESSO

Publication Date: 4 March 2021

Publication Site: CT Mirror