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Public sector pensions are prime beneficiary of federal COVID relief grants

JULY 14, 2021 | by Keith Phaneuf | CONNECTICUT TODAY

By Keith Phaneuf, includes “The coronavirus left unprecedented damage in its wake. Massive unemployment, education interrupted for hundreds of thousands of students, and a safety net pushed beyond its limit — not to mention more than 8,000 lives lost — sparked countless appeals for government assistance to rebuild a struggling state. Yet an analysis by the CT Mirror shows that more than six out of every 10 federal relief dollars built into the new state budget that began July 1 effectively will wind up in public-sector pension accounts.”

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