Connecticut Treasurer Might Use Lottery to Fix Teacher’s Bonds


Shawn Wooden, Connecticut's new State Treasurer, has put forth a plan that utilizes Connecticut Lottery profits to support the Teacher's Retirement Fund. Currently, the $17.9 billion fund is 56% funded. The fund's bonds already cost the state $1 billion a year and could reach $6 billion by 2032. If state legislators decide to move forward [...]