Pension Reform

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 49th 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.

In Depth: Pension Reform

Modern, 401(k)-style plans are now commonplace in the private sector. For state workers, however, traditional pensions are still the norm. As former Utah State Senator Dan Liljenquist wrote in Keeping the Promise: State Solutions for Government Pension Reform, this is not a partisan issue, but a math problem. State Budget…

+ Pension Reform In Depth