Referred to Committee on Appropriations
Introduced by:
SEN. GAFFEY, 13th Dist.
AN ACT DEDICATING A PORTION OF LOTTERY PROCEEDS TO THE TEACHERS’ RETIREMENT FUND.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
That the general statutes be amended to provide that one-half of the proceeds from the lottery be dedicated to the unfunded liabilities of the Teachers’ Retirement Fund.
I especially like the “dedicating a portion” part. The State isn’t losing half it’s lottery revenue; heavens no. They’re dedicating it. I’m going to let you figure out the “unfunded liabilities” part.
Do you know what the Connecticut Lottery made in 2005? 268.5 million dollars.
So let me get this straight: If this bill is approved half of that goes into the Teachers Retirement Fund in 2006? They get 134 million bucks a year from the state lottery winnings to support retired teachers?
Must be nice.
What about the other unions like the police or nurses? What about the other 99% of Connecticut citizens who aren’t in the teacher’s union? Where the hell is my 134 million bucks a year?
[thumb:336:l:l=x]Considering Connecticut ranks first nation-wide in teachers salary (and I hear the union benefits and pension aren’t too shabby either) I think the teachers are doing just fine. The State has better things to do with that money than fluff union retirement accounts.