Insurance Industry Says More Workforce Training Needed
December 21, 2016 by Hartford Courant
Dec. 20–With thousands of employees due to retire over the next decade, the state should consider funding workforce development programs at local colleges, insurance lobbyists told a legislative forum Monday.
“By next year, 25 percent of the industry is going to be 5 to 10 years away from retirement,” said Hugh Barrett, who works in government relations for Mass Mutual, a life insurer with 1,800 workers in Connecticut.
Barrett expressed envy for state spending on training manufacturing workers. The state authorized $17.8 million in borrowing in 2011 to start manufacturing programs at three community colleges.
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