Your voice is your strongest weapon in the fight to protect and extend your earned benefits—here is a tool to help you get loud!
WHEN THEY SAY… | WE SAY… |
State employee pension funds are unsustainable. | The average monthly retirement for a retired public employee is only about $3,000. This modest retirement allows our public servants to retire with dignity. |
Unions are historically unwilling to make sacrifices for the betterment of the state and tax payers. | In 2009, 2011, and 2017, State employees conceded over $20 billion in taxpayer savings alone. |
The country’s pension system needs to be reformed and nothing has been done to address it. | Prior to the 2008 financial crisis, 45 states enacted pension reform policies that raise the retirement age and introduce hybrid-plans to new hires. |
If state employees had a 401(k)-style retirement it would save the state money. | 401(k)s are not afforded the time to recover after financial instability like we saw in 2008. Pension funds also cost 46% less than 401(k)-style retirement plans to achieve the same targeted benefit. |
Privatizing state employee pension funds would save the state money. | Privatizing benefits always results in more costly administration. |
Opposition to public pension funds is funded by finance-sense groups who want what’s best for tax payers. | Yankee Institute, Reason Foundation and the Heritage Foundation are all funded by the Koch Brothers in an effort to achieve their personal wealth goals. If you aren’t in the 1%, they are not advocating on your behalf. |
Public pensions do nothing but help state employees on the back of the tax payers | In 2016 alone, Connecticut pension spending supported over 43,000 jobs and generated over $7 billion in economic activity. |
Public pension funds rely solely on tax payers money—especially in Connecticut | Nearly half of Connecticut’s public pension fund is generated from investment earnings rather than employee or employer contributions. |