The Problem With State Pensions




The Full Story show

Summary: The growing cost of Connecticut pensions has become a linchpin in the two-year state budget process. As a result, the funding of public services may decline and residents may have to pay even more in taxes to offset the cost of pension obligations. In New York, state pensions are looking healthy, but a volatile market could reverse that. Can we solve the problem with state pensions? Our guests: Keith Phaneuf, state budget reporter, The Connecticut Mirror Jonathan Steinberg, Connecticut state