CT pension payouts increased last year

Connecticut state government paid 5.3 percent more money to retired state employees in 2014, according to public data compiled by the Yankee Institute for Public Policy.

The state paid $1.59 billion in pension payments to 46,766 retirees last calendar year, up from $1.51 billion to 45,874 retirees in 2013, the data published Monday show.

The average annual pension last year was $33,909, up from $30,617.

For the sixth consecutive year, the highest pension went to John Veiga, a retired UConn business and management professor. He received $290,355 last year.

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