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Connecticut Police Department Reverses Course, Switches Back to DB Plan
Pensions & Investments May 17, 2019 "The town of Branford and United Public Service Employees Union agreed to have the Branford Police Department switch to a DC plan in 2011 ... The switch was made after the 2008 global financial crisis and also because the town wanted to mitigate investment risks.... [P]articipants became concerned that the plan wouldn't provide sufficient benefits if they became disabled. Plus, the police union was the town's only bargaining unit not covered by a DB plan." |
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