Connecticut’s teacher pension debt is officially listed at $16.8 billion, but a new study says that figure might be much higher. According to a new study published by Yankee Institute, Connecticut’s discount rate for its
Connecticut Teachers Retirement System
Connecticut’s teachers may be better off with a 401(k) style, defined contribution retirement plan than under Connecticut’s massively underfunded pension system, according to some number crunching. Assuming a 6.5 percent employer match and adjusted for
DOWNLOAD PDF Yankee Letter Across Connecticut, the teacher pension system is not working for teachers, taxpayers or children. And it has the potential to fail current and future retirees if it is not equitably and
In 2008, Connecticut took out a $2 billion pension obligation bond in order to boost its teacher pension fund, which the state had underfunded for decades. The timing was calamitous as the country entered into
Requiring municipalities to take more responsibility for their teachers’ pension costs makes some sense – if those towns have the power to lower those pensions or the teachers’ other compensation. To do so any other way is
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
Connecticut’s discount rate for its teacher pension system remains higher than most other states, according to a report by the National Association of State Retirement Administrators. States across the nation, including Connecticut, have lowered their
Connecticut classrooms and teachers could receive a big boost if not for the massive pension debt in the state teacher pension system, according to a study entitled The Pension Pac-Man: How Pension Debt Eats Away
Lawmakers may increase the teacher pension contribution rate from 6 percent of a teacher’s pay to 7 percent as part of a new compromise budget package. Although proposal has drawn strong criticism from the state’s
In an effort to deal with the skyrocketing cost of teacher pensions, Gov. Dannel Malloy has proposed shifting one-third the cost of the pensions onto towns, a move that will likely drive up property taxes
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