Why Fund a Pension
Connecticut’s pension plans, once among the worst in the country, are now in a better position due to additional legislative funding. This funding has honored commitments to public employees, reducing retirement insecurity as pension funding rises. The substantial improvement must be attributed largely to fiscal guardrails established in 2017, which have not only stabilized the state’s fiscal budget but also enabled appropriate contributions and surplus budget allocations to expedite the repayment of unfunded employee benefits.