Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Paid Leave Finance Committee Reports Higher Benefits Payments, Trust Fund Remains Strong
Summary
Finance and Audit Committee reported higher-than-expected benefit payments in February and March, resulting in short-term negative variances but projecting a year-end trust fund balance around $580 million.
The Connecticut Paid Leave Authority’s finance and audit committee reported April 10 that benefit payments have risen above prior budget projections, producing near-term negative variances while the trust fund remains well capitalized.
Dave Marcon presented results for February and a preview of March activity. The operating account showed a February loss of about $958,000, which Marcon said was $445,000 better than budget for the month. Year-to-date operating results were negative about $1.6…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
