New retirement fund proposed for residents

2014-02-12T22:11:20-08:00February 12th, 2014|Categories: Retirement|Tags: , |

A proposal to create a retirement trust fund for Connecticut residents –at no charge to the state — has been proposed for the second consecutive legislative session. Lawmakers joined union leaders and activists on Tuesday to rekindle a bill that was defeated last year. It would be a way for workers with inadequate or non-existent retirement plans to piggyback on state investments that are bringing back double-digit interest for the state’s public-employee and teacher retirement funds. Sen. Catherine A. Osten, D-Baltic, co-chairman of [...]