House Vote On CT Pension Agreement

February 1, 2017

This agreement is supported by the state's credit ratings agencies. Moody’s has called it “credit positive.” S&P rates the deal “mildly positive” credit impact for state.

The business community also likes it. Webster Bank Chairman and CEO Jim Smith said the agreement helps move the state in the right direction. “It is a bullet dodged,” Smith said. “It’s an indication of just how deep the hole is we all want to dig out together.”

The Connecticut Business & Industry Association testified in support of it.