The ADEC for the upcoming 2027 fiscal year that starts July 1 is nearly $1.9 billion. Approximately 87% of the payment addresses the unfunded liability. The normal cost of retirement is $253.7 million ...
State officials have focused on improving investment returns since a May 2023 report from Yale University researchers found ...
HARTFORD, Conn. (WTNH) — The latest analysis of Connecticut’s public employee pension funds showed significant improvement on the issue of historic underfunding — gains that have come as a result of ...
Connecticut transferred about $1.5 billion in excess budget reserves to its underfunded state employees’ and teachers’ pensions, bringing extra deposits in the funds to more than $10 billion over the ...
With a series of increases in recent years, the average salaries and pensions for Connecticut state employees have been rising steadily. The average gross pay has now reached nearly $95,000 per year ...