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SEBAC 2017 Savings Reports (Office of the State Comptroller)

Dec 1, 2023

In 2017 the State Employees Bargaining Agent Coalition (SEBAC) and the State of Connecticut reached agreements aimed at addressing the State’s long-term pension obligations to state employees. The Office of the State Comptroller is responsible for issuing an annual report detailing the savings achieved through these agreements.

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Actuarial Valuations for the Connecticut State Employees Retirement System (SERS)

Nov 30, 2023

Since 1970, the Connecticut State Employees Retirement System (SERS), almost annually, has undergone a review by actuaries who make valuations of the "contingent assets and liabilities" of the System. The actuarial valuation report, which is submitted to the State Employees Retirement Commission, provides a summary of the funded status of the System and recommends annual rates for contributions made to the System by the State of Connecticut.

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Fiscal Accountability Reports (Office of Fiscal Analysis)

Nov 20, 2023

Each November, in accordance with state statute, the Connecticut General Assembly's Office of Fiscal Analysis produces a Fiscal Accountability Report. According to statute, the report must explain: (1) the level of spending changes from current year spending allowed by consensus revenue estimates, (2) any changes to current year spending necessary because of “fixed cost drivers,” and (3) the total change to current year spending required to accommodate fixed cost drivers without exceeding current revenue estimates.

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Fiscal Accountability Reports (Office of Policy and Management)

Nov 20, 2023

Each year, in accordance with state statute, Connecticut's Office of Policy and Management produces a Fiscal Accountability Report outlining "significant factors affecting Connecticut’s budgetary and economic outlook." The purpose of the annual report is to inform policymakers about 1) Connecticut's fiscal state and 2) the financial and economic challenges the state currently faces and/or will potentially encounter in the future.

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Page 4 of 21

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