Connecticut

Government Pensions Resist Rule Change Requiring Listing Real Value Of Assets

November 22, 2011
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“U.S. public pension systems, facing as much as $3 trillion in unfunded promises to current and future retirees, are resisting proposed new standards that might double their funding deficits,” says Bloomberg News of local and state pension liabilities. “Investment losses in 2008 and 2009 left state and local pensions with $3.6 trillion in unfunded...

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Ct AG And Consumer Counsel Want ALL Utilities’ Handling Of Storms Investigated

November 21, 2011
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Ct Attorney General George Jepsen and Consumer Counsel Elin Swanson Katz have asked state utility regulators to clarify the scope of its investigation and the procedures for  review of storm-related service interruptions by public service companies. In a motion filed Friday, the Attorney General and Consumer Counsel said the Public Utilities Regulatory Authority should...

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New Information Shows CL&P & NU More Interested In Pay For Executives Than Customers

November 20, 2011
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New Information Shows CL&P & NU More Interested In Pay For Executives Than Customers

Union officials told Gov. Dannel P. Malloy’s Two Storm Panel Friday that working 16 hours with a mandatory eight hour rest period – to avoid coming back on double-time – hindered the ability of crews to restore power quickly during the October snowstorm “Since 2009, the arrival of Jeffrey D. Butler, Connecticut Light &...

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Ct Hiring Subsidy Paid By All But Only Helps 39 Towns

November 18, 2011
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Ct Hiring Subsidy Paid By All But  Only Helps 39 Towns

The bipartisan job-creation bill signed into law by Gov. Hiring subsidy only helps residents of 39 towns The bipartisan job-creation bill signed into law by Gov. Dannel Malloy last month includes a $10 million subsidy for new hiring over the next two years – but residents from 130 Connecticut towns need not apply. The...

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