Listeners Club

Forgot Password

Not a Member? Sign up here!

banner

Connecticut House Democrats oppose retirement incentive idea

HARTFORD, Conn. (AP) Democratic leaders of the Connecticut House of Representatives say they oppose an idea floated by Republicans and Senate Democrats to offer state employees a retirement incentive program.

House Speaker Brendan Sharkey said Friday House Democrats agree that the idea ``is not on the table and should not be on the table.''

He says an incentive may save money short-term, but called it a ``disaster'' for long-term pension obligations.

Senate Democrats this week offered alternatives for closing an estimated $350 million to $370 million shortfall in the $20 billion budget. One proposal is a retirement incentive that would save $163 million over two years. Republicans favor a similar incentive to retirement-eligible state employees.

Legislative leaders and Democratic Gov. Dannel P. Malloy plan to resume budget negotiations Monday.

On Air Now

Rich Valdes

Local Headlines