The Center for Retirement Research at Boston College published a brief saying public pension plans should avoid tailoring their investment strategies to satisfy calls for political, social and environmental justice, known as ESG (environmental, social…
Pensions
Robert Guynn, 68, has led an interesting and full life. A graduate of the University of Connecticut, Guynn served in the military and worked as a pharmacy director for various hospitals and organizations before returning…
Fringe benefit rates for Connecticut’s state employee and teacher retirement plans in 2018 jumped as much as 52 percent, according to figures released in a memorandum from the Comptroller’s Office. The Comptroller’s Office said in…
Connecticut has made its full annual payment and reduced the discount rate for its pension plans, but according to a study by Pew Charitable Trusts the state is still not contributing enough to prevent pension…
In a clear demonstration that discount rates matter for pension funds, Connecticut saw its pension liabilities increase by $9 billion after lowering its estimated rate of return by a total of 1.6 percent for its…
Connecticut’s official balance sheets will be noticeably worse next year due to changes in how the state reports its retiree healthcare liabilities, according to a report by the organization Truth in Accounting. Truth in Accounting…
Connecticut’s Teachers Retirement System is underfunded by at least $13 billion and the state’s actuarily required contribution has grown 145 percent over the past ten years, from $518 million per year to $1.27 billion, according…
Part of the bipartisan budget passed in November included raising teachers’ contribution toward their pensions from 6 to 7 percent, but a bill passed out of the Finance, Revenue and Bonding Committee would roll that…
Connecticut's retirement healthcare fund for state employees is short $36 billion, which amounts to more than $10,000 per person in the state, according to a new study by the American Legislative Exchange Council. Connecticut’s other…
Connecticut’s two largest pension funds received 16 percent returns over the course of one year thanks to a surging stock market, giving the state a much needed boost. High returns for the teachers' pension fund…