Connecticut public pension legislation now a study

HARTFORD, Conn. — Connecticut will scale back legislation proposing a state-run retirement account for low-wage workers and instead organize a study, House Majority Leader Joe Aresimowicz said Tuesday, a move both unions and businesses see as a victory.

Leaders of the legislature will include about $400,000 in the budget to pay for a study and an appointed board will review tax issues, federal retirement rules and other aspects and report their findings in 2016, he said.