Community Corner
Candelora Slams Malloy on Reductions in Employee Retirement Health Costs
Local state representative says much of the savings announced by the governor are based on methodology adjustments, not changes in benefit programs.
State Rep. Vincent Candelora, R-, who to balance the state budget, has also scoffed at the governor’s announced reduction of taxpayer liabilities for state employee medical benefits.
In an article by the Connecticut Mirror, Candelora said much of the reported decreases come from "methodology adjustments" instead of from changes in employee benefit programs.
He said some of the savings were only optimistic assumptions on future investment performance and projections on future costs.
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The article quotes from a report done for the governor’s office that lists savings of $6.2 billion for changes in actuarial assumptions, $4.94 billion for changes in retirement health benefits, and $2.12 billion from projections of investment income performance.
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