State Rep. John Frey (R-111) is seeking to relieve Connecticut of a massive burden to its state budget by proposing two bills that will address the massive costs of state employee pensions that have increased exponentially each year. The first, H.B. 6087, would ensure that state employees’ pensions are based only on stated income. The second, H.B. 6292, would eliminate state pensions for elected officials in Connecticut.
“By now, everyone knows that Connecticut has a major fiscal problem and that it has stalled its economy,” said Rep. Frey. “Governor Malloy calls it our ‘new economic reality, but there’s nothing new about it. Unfunded pension liabilities owed by the state total more than three times the state budget. If we want to seriously explore how to get Connecticut out of this mess, we need to stop thinking about new ways to tax people and start tackling the quagmire of these unfunded liabilities. We really don’t have a choice but to make significant changes.”