On May 7, 2024, the General Assembly passed H.B. 5523, a budget stabilization bill that appropriates funds for fiscal year 2025 and makes a number of different policy changes to K-12 education and other areas. Along with maintaining the $150 million in additional funding for K-12 education in FY 2025 that was allotted as part of the state budget passed last year, the bill overhauls how Connecticut distributes state education funding to school districts.
As a supplement to the Connecticut School Finance Project’s January 2018 report, Factors Contributing to Health of State Employee Pension Funds, this policy briefing analyzes the health of Connecticut’s Municipal Employee Retirement System (MERS), examines the factors contributing to the system’s relatively healthy current funding level, and discusses the features of the system that differentiate it from other public pension systems, such as Connecticut’s State Employees Retirement System (SERS).
As a supplement to our January 2018 report, Factors Contributing to Health of State Employee Pension Funds, this policy briefing analyzes the health of Connecticut’s Teachers’ Retirement System (TRS), examines the factors that led to the system’s current funding level, and discusses the features of the system that differentiate it from other public pension systems, such as Connecticut’s State Employees Retirement System (SERS).
This report identifies key factors that contribute to the health of state employee pension systems, and uses these key factors to assess and compare the health of state employee pension systems in Connecticut with other peer states.