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.
Since 1984, the Connecticut State Teachers' Retirement System (TRS), at least once every two years, has undergone a review by actuaries who make valuations of the assets and liabilities of the System. The actuarial valuation report, which is submitted to the Teachers' Retirement Board, 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.
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.
Fact sheets from the Connecticut General Assembly's Office of Fiscal Analysis that provide data about the Teachers' Retirement System (TRS), including information about the System's 1) membership, 2) state contributions, and 3) actuarial value of assets and liabilities.
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.
Fact sheets from the Connecticut General Assembly's Office of Fiscal Analysis that provide data about the State Employees Retirement System (SERS), including information about the System's 1) membership, 2) employee defined benefit contributions, 3) state contributions, and 4) actuarial value of assets and liabilities.