Lamont, Stefanowski Promise No Changes For Teacher Retirees

Sarah DiMeo
October 23, 2018 - 2:09 pm

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PLANTSVILLE, Conn. (AP) — The two major party candidates for Connecticut governor are promising to protect pension and health care benefits for retired teachers, despite massive projected liabilities in both accounts.

And both Republican Bob Stefanowski and Democrat Ned Lamont proposed dedicating state gambling revenues to help shore up the accounts.

The two businessmen-turned-candidates on Tuesday appeared before the Association of Retired Teachers of Connecticut, a 16,000-member organization of retired teachers that advocates for the state's 33,000 retired teachers. Petitioning independent candidate Oz Griebel was not part of the forum.

The state's teacher pension fund has a projected $13 billion unfunded liability, while the Teacher Health Fund has faced insolvency troubles.

Stefanowski says lottery or other gambling proceeds should be targeted for pensions, while Lamont wants to dedicate lottery revenue to teacher pensions.