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‘Shared risk,’ shared pain pensions pitched

JULY 1, 2021 | by Thomas Breen | NEW HAVEN INDEPENDENT (CONNECTICUT)

By Thomas Breen, includes “… Hamlin detailed for the group a proposal … for how the state can shore up the tens of billions of dollars in unfunded liabilities for its two public employee pensions. He argued that some of the facets of the proposal — such as lowering the estimated rate of return to between 4 and 5.5 percent, increasing the retirement age for most categories of public employees, and shifting to a 'shared risk' model akin to that already in place in New Brunswick, Canada — could also translate to the local level.”
 

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