Connecticut town to review problems caused by shift to DC retirement plan

Trumbull, Connecticut, may have taken a step forward in re-examining its retirement benefits for employees after the town’s Board of Finance voted earlier this month to allocate $40,000 for a pension consultant, reports the New Haven Register. According to a letter from Human Resources Director Thomas McCarthy to Board of Finance Chair Lainie McHugh, the consultant would "would analyze potential changes to our current and future employees' retirement benefits and make recommendations for potential plan design changes, cost outs and risk.”