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Report says pension boards share blame for states’ widening debt

SEPTEMBER 18, 2018 | by Keith Phaneuf | CONNECTICUT MIRROR

“While past governors legislatures and governors get much of the blame for Connecticut’s massive pension debt, a new analysis says politically appointed oversight boards should share the heat both here and in other states. A recent analysis from The Manhattan Institute, a conservative, New York-based public policy group, also charged that labor representatives on these boards risk long-term pension stability to achieve short-term union objectives.”

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