Who’s Afraid of a 401(k)?
There's a growing recognition among Connecticut state and local government that 401(k)-style retirement plans will be necessary in the long run. The private sector does it, so why are government employees so worried?
Pensions
Connecticut Law Requires Full Funding of Pensions, SEBAC Overrode It
If nothing had changed, Connecticut would not be trapped in the situation it is now. But Connecticut also allows collective bargaining agreements to supersede state law, allowing subsequent SEBAC agreements to once again underfund state employee pensions.
New Commission To Consider Transfer of State Assets to Pension Funds
Connecticut’s new Pension Sustainability Commission held a press conference today in the Legislative Office Building to announce its mission: to consider transferring state assets to Connecticut's pension funds to help reduce the state's unfunded liabilities.
As Connecticut Drowns in Pension Debt, One Retiree Won’t Cost Taxpayers a Dime
When given the choice between Connecticut's failing pension system and the state's defined contribution plan, Robert Guynn took the road less traveled -- and he's doing fine.
Connecticut fringe benefit rates jump as much as 52 percent in 2018
Fringe benefit rates for Connecticut’s state employee and teacher retirement plans in 2018 jumped as much as 52 percent, according to figures from the Comptroller’s Office.
Connecticut isn’t paying enough to prevent pension debt growth, according to Pew
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 liabilities from growing.