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To The Editor:
Would you want the state of Connecticut in charge of your retirement? The state cannot manage its own pensions, would you trust the state to manage yours? Worse yet, one would have to opt out - instead of opt in.
We are currently carrying a long-term debt in the tens of billions of dollars. And our budget deficit for next year is about a billion.
There are IRA's available at your neighborhood bank. There are private investment advisers who make a living out of helping people. This is not a role for government to be undertaking.
There is also a huge cost to the state if this bill were to pass. The Office of Fiscal Analysis says mandating retirement savings will cost Connecticut taxpayers an estimated $165 million a year. We cannot spend more than we take in plain and simple. Government needs to get out of the way if our state is ever to prosper.
- State Sen. Toni Boucher (R-Wilton)
Boucher also represents Bethel, New Canaan, Redding, Ridgefield, Weston, Westport and Wilton.
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