With a $900 million claim, battle begins over a coming wave of state retirements
The state could see between 5,000 and 6,000 retirements from executive branch agencies next year, and a new report to the governor says Connecticut could save between $600 million and $900 million in the reorganization that will follow the mass exodus.
That includes streamlining hiring and shrinking the workforce in some areas — a change that won’t happen easily.
Gov. Ned Lamont now has a list of actions he can take to deal with the surge of retirements expected on or immediately before June 30, 2022, when pension rules change. Boston Consulting Group, which the administration hired to come up with a plan to address the retirements, has identified about 200 ways to cut costs.
Many of them involve ways to modernize state government using technology, an initiative already underway in his administration.
Read more: https://www.ctpost.com/news/article/A-wave-of-state-retirements-looms-a-report-16068281.php