Politics & Government
Herbst: Malloy Should Refuse Pension, Share in Sacrifice
Herbst argued that Malloy should lead by example and change retirement plans.
Editor's note: We previously ran this story, but here it is again in case you missed it.
TRUMBULL, CT- First Selectman Tim Herbst called for the "shared sacrifice" of Connecticut's new economic reality to start at the top with Gov. Dannel Malloy.
In an op-ed, Herbst said that Malloy should move to a defined-contribution plan from his pension. Herbst said that he refused a pension and created a defined-contribution plan for non-union town employees.
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Herbst's plan when he ran for state treasurer in 2014 was to move all constitutional officers, members of the General Assembly, agency heads and political appointees to defined-contribution retirement plans in order to save money.
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