New pension panel meeting for first time
HARTFORD — The biggest strain on Connecticut’s state budget is generally considered to be upcoming pension costs. Now a new Connecticut Pension Sustainability Commission is meeting for the first time.
Created by the General Assembly, the panel is scheduled to convene on Tuesday. It has been charged with addressing the state’s unfunded pension liability. It has been a key factor in the state’s ongoing budget deficits and a major issue in this year’s gubernatorial campaign.
Democratic Rep. Jonathan Steinberg of Westport is the commission’s chairman. He says members will focus on ways to generate revenue streams to help pay down the unfunded liability. He says they will examine ways to monetize under-valued state assets, “such as select, state-owned real estate and the Connecticut State Lottery.”
A news conference is planned before the meeting begins on Tuesday at the Legislative Office Building in Hartford.