Connecticut 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.”