Connecticut’s Growing Pension Crisis

A recent article in the Chief Investment Officer discussed Connecticut’s growing retirement system liabilities, citing ALEC’s Unaccountable and Unaffordable 2018 report.

A March report from The American Legislative Exchange Council (ALEC) placed Connecticut 49^th out of 50 states in terms of unfunded liabilities per capita at $32,805—second only to Alaska, and compared with the overall average of $18,300 per capita among all 50 states. The state was also ranked 42 out of 50 in terms of unfunded liabilities as a percentage of the gross state product at 45.13%.

Read the complete article here.