Boucher rips Malloy on pension deal. Calls it a ‘gag gift’

Sen. Toni BoucherConnecticut state Sen. Toni Boucher, R-Wilton, ripped Gov. Dannel P. Malloy’s recent settlement with state employee unions over the embattled pension fund.  The governor announced a deal last week that reduces the amount of money the state contributes to the pension fund on an annual basis, but pushes $10 billion owed onto the budget after the year 2032.  Had the state not reached a deal, costs could have ballooned to $6 billion per year before 2032.

Malloy said the arrangement placed the state on a more “sustainable” budget course, but in an op-ed piece released on Friday Boucher called the deal “a gag gift” that kicks the can down the road.

“It will cost at least an additional $17 billion without enacting any true pension reform by modifying benefits,” she wrote.  Boucher stated that more than half of the state’s annual budget is earmarked for “fixed costs.”

CLICK HERE TO READ ENTIRE BOUCHER OP-ED PIECE