The TRUTH behind Ellington's change in Employee Retirement Plans!
HERE ARE THE FACTS:
This means that both Democrats AND Republicans
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No concerns were raised by Democrats about any part of this contract.
- The Town of Ellington currently has a few employees who were hired prior to July 1, 2012, and they are still covered by CMERS. Ellington continues to pay CMERS contributions for these employees. For the fiscal year running July 1, 2022 to June 30, 2023, that cost was budgeted at $117,107.00.
- CMERS sued the Town of Ellington. CMERS wants Ellington taxpayers to hand over a large amount of money in order to fund their underfunded pension program.
The Ellington Republicans fully support the Town’s decision to vigorously defend our residents in court.
The CMERS system is broken, now is not the time to mandate that municipal employees participate in the program. We need to provide towns with more flexibility to be able to negotiate retirement benefits without being subject to a state mandate.” -Betsy Gara of the Council of Small Towns (COST)