Connecticut’s Pensions Are Not a Piggy Bank for the Women's National Basketball Association

Connecticut’s pensions are not a piggy bank for the Women's National Basketball Association

Connecticut Gov. Ned Lamont has floated a plan to use state pension assets to purchase a stake in the Women’s National Basketball Association’s (WNBA) Connecticut Sun and keep the team from moving to Boston. Saving a local team may be good politics, but it is bad finance that would put taxpayers at risk. Connecticut’s $60 billion Retirement Plans and Trust Funds exist to fund the retirement benefits promised to public workers, not to serve as a …

Connecticut’s pensions are not a piggy bank for the WNBA

Connecticut Gov. Ned Lamont has floated a plan to use state pension assets to purchase a stake in the Women’s National Basketball Association’s (WNBA)