Resources

Periodically since 2008, an actuarial valuation and review has been conducted concerning the State of Connecticut's Other Post-employment Benefits (OPEB) program. Other Post-employment Benefits are benefits (other than pensions) that the State of Connecticut provides to state employees once they retire. These benefits include medical, dental, and life insurance as well as prescription drug coverage. The actuarial valuation report, which is submitted to the Office of the State Comptroller, provides a summary of the funded status of the State's OPEB program and recommends annual rates for contributions made to the program by the State of Connecticut.

As part of the biennial state budget for fiscal years 2018 and 2019 (Conn. Acts 17-2 (June Special Session)), the Connecticut Pension Sustainability Commission was established to study the feasibility of placing state capital assets in a trust and maximizing those assets for the sole benefit of the state pension system. The 11-member Commission began its work in July 2018 and issued its final report on June 27, 2019.

Required by Section 109 of Conn. Acts 17-2 (June Special Session) to be conducted annually and reported to the General Assembly's Appropriations Committee, this stress test report of Connecticut's State Employees Retirement System (SERS) and Teachers' Retirement System (TRS) was conducted by The Pew Charitable Trusts and includes projections of benefit levels, pension costs, liabilities, and debt reduction under various economic and investment scenarios.

This presentation from State Treasurer Denise Nappier to the Pension Sustainability Commission outlines the treasurer's recommendations and suggested plan for improving the funding and sustainability of Connecticut's Teachers' Retirement Fund (TRF).

This paper, produced by The Pew Charitable Trusts for the Harvard Kennedy School Mossavar-Rahmani Center for Business and Government, summarizes the results of a stress test simulation analysis on the largest government pension plans in 10 states under different economic scenarios and assumptions for policymaker behavior.