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Treasurer Candidate From Ridgefield Questions State-Sponsored Retirement

RIDGEFIELD, Conn. -- State treasurer candidate Bob Eick of Ridgefield is asking questions about a state-sponsored retirement proposal for the private sector. 

State treasurer candidate Bob Eick of Ridgefield is asking questions about a state-sponsored retirement proposal for the private sector.

State treasurer candidate Bob Eick of Ridgefield is asking questions about a state-sponsored retirement proposal for the private sector.

Photo Credit: Courtesy We Like Eick For Treasurer Facebook Page

Eick, the GOP candidate for state treasurer, noted the "state's record in pension management is not a reliable model" for the program, according to a press release. Eick is seeking the GOP nomination for treasurer by campaigning on a theme of "transparency and effectiveness in the office," according to the release. 

"How on earth can state Treasurer Denise Nappier and other elected officials even consider taking more money from Connecticut taxpayers to fund yet another pension scheme, when the current plans for state workers are billions of dollars in the red, with no end in sight?" Eick asked. "Einstein said the definition of insanity is doing the same thing repeatedly and expecting different results, which fits perfectly here because this proposal is just plain crazy."

Eick said that the pension funds for state teachers, police and prison guards "are in a deficit status, with obligations exceeding assets by about $15 billion," according to the release.

"All Connecticut taxpayers are on the hook for that," Eick said.

Senate Majority Leader Martin Looney of New Haven and House Majority Leader Joseph Aresimowicz of Berlin are looking to pass legislation that would make Connecticut the second state after California to offer a state retirement trust program.

Eick, 51, grew up in the Bridgeport and Fairfield areas, and lives in Ridgefield. 

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