State of Connecticut secondary Archives: on Social Security
Dan Malloy:
Restructure pension benefits to address chronic underfunding
Restructure pension benefits to address chronic underfunding
After years of underfunding our pensions, a $4.5 billion payment would have been required in the year 2032. It would not have been possible.We restructured our payments to reverse years of chronic underfunding. We're saving Connecticut taxpayers
Source: 2013 Connecticut State of the State address
Jan 9, 2013
Dan Malloy:
78% of our state pension fund is making up for past mistakes
Our pension systems for Connecticut's state workers, educators, and retirees were created 80 years ago, but not a single dime was deposited into the account during the first 30 years of its existence. It was a pay-as-you-go system. Over many decades,
legacy costs, insufficient contributions, lower-than-assumed returns, and early retirement packages left us with a significant unfunded liability in the state's employee & teacher retirement systems. The stark reality is that, after 80 years, the state
has set aside only 1/3 of the money necessary to responsibly fund its obligations.Let me put it in context. Of the $1.65 billion that we will pay next year into the state retirement systems, 78% of that--or nearly $1.3 billion--is what we're paying
to make-up for what past administrations and past legislatures failed to do. Simply put, our generation is paying for Connecticut's past mistakes. Is it frustrating to do that? Of course. Is it necessary? Absolutely. It's also the right thing to do.
Source: 2017 State of the State address to Connecticut Legislature
Jan 4, 2017
Joseph Lieberman:
I looked at privatization but decided against it
LAMONT: I think it's so important that the Democrats stand up and present a constructive alternative to the Bush administration. I find that Sen. Lieberman too often is willing to undermine the Democrats, be it on issues like the war in Iraq, or on a
variety of other issues, be it Social Security, be it affirmative action, be it vouchers. These are important issues that say a lot about what we stand for. We stand for the public good. We stand for public education. We stand for universal health care
for every American, and when Democrats say that, that's when we start winning again. LIEBERMAN: On Social Security privatization--I looked at it in the late 90s. I decided it was a bad idea. I opposed it in 2000. I voted for resolutions against it. On
the day that Pres. Bush started his campaign to privatize Social Security in 2005, I was one of 41 Democratic senators to say explicitly that I think it's a bad idea, it would hurt Social Security. So why don't you stop spreading that kind of untruth?
Source: 2006 Connecticut Democratic Senate Primary debate
Jul 6, 2006
Linda McMahon:
Don't take benefits away from seniors
McMahon said, "Medicare is part of this whole total health care reform that we have to look at. I don't think it's like picking one thing out of it at a time".McMahon, of course, is hardly alone among candidates in avoiding committing herself to
cutting Medicare, Social Security, or any of the other federal spending programs. There is a reason Medicare and Social Security are known as third-rail issues: touch them, and die. "I don't want to take any benefits away from seniors," she said.
Source: Mark Pazniokas in The Connecticut Mirror
Mar 19, 2010
Matthew Corey:
Social Security isn't an entitlement but a benefit
We have 59 million Americans receiving benefits from Social Security. This benefit is not an entitlement. The people, who are not entitled to it, are the politicians who borrow from it. We need to get the 94 million people that are out of work back to
work who are not yet of retirement age. We also need to raise the contribution cap. We need to give social security to those who need it most. We need tax free retirement savings accounts. We also need to look at increasing the retirement age.
Source: 2018 Connecticut Senate campaign website CoreyForSenate.com
Dec 12, 2017
Ned Lamont:
No common ground with Bush on privatization
I will not find common ground with the Bush administration when they are trying to privatize Social Security. I'll fight for Social Security. I'll fight for our constitutional liberties. And rather than spending $250 million a day in
Iraq, we're going to invest. We're going to invest in grade schools and clean energy and affordable housing and public transportation. We're going to bring our cities back as great as they were 100 years ago.
Source: 2006 Connecticut Democratic Senate Primary debate
Jul 6, 2006
Themis Klarides:
Supported increased tax exemption for Social Security
Part of the first bipartisan budget included an increased tax exemption for Social Security, which Lamont is proposing to eliminate. "That's certainly not a path that I'm interested in going down," House Minority Leader Themis Klarides,
R-Derby, said about the Social Security exemption. Overall, she said, the governor's budget takes pressure off the state and places it onto taxpayers.
Source: Journal Inquirer on 2022 Connecticut Senate race
Feb 21, 2019
Page last updated: Feb 18, 2023