TRS

Connecticut ranked 49th in the country in a new analysis of state fiscal health by Truth in Accounting, due to its massive taxpayer burden of $53,400 per person and, once again, earned the organization’s label of a “sinkhole state.”

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’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.