Longer life expectancy among government employees means Torrington must boost contributions to pension funds

Steve Lemanski of Hooker & Holcombe, a Bloomfield actuarial and consulting firm that performed Torrington’s annual pension valuation. Contributed/Hooker & Holcombe

TORRINGTON — Government employees are living longer than most of the population and that means Torrington will have to pay nearly 6% more into the city’s pension funds in the 2021-22 budget year. An annual pension valuation shows the city will need to boost payments by $330,000, from $5.52 million to $5.85 million. Longer life […]

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