Resources

This research report from the Connecticut General Assembly's nonpartisan Office of Legislative Research details changes made to Connecticut's Teachers’ Retirement System (TRS) as a part of Conn. Acts 19-117, which, among other items, created a special capital reserve fund for the outstanding Connecticut Teachers’ Retirement bonds.

In 2017, the State Employees Bargaining Agent Coalition (SEBAC) and the State of Connecticut reached a concessions deal — meaning roughly 46,000 current unionized state employees would see certain changes to their benefits in order to reduce the State’s projected costs and obligations. Under the agreement, changes were made to employee pension and health care benefits and agreements on employee compensation. This report is a breakdown of the actual savings associated with the 2017 SEBAC agreement.

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).