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.

Addressing Frequent Criticisms

Have we overspent on pensions?

Why prioritize pension funding instead of tax cuts?

Are pensions sending money out of Connecticut?

Have the guardrails forced Connecticut to borrow at high interest rates while sitting on surpluses?

What are the consequences of reducing pension funding?

What are the consequences of altering Connecticut’s fiscal guardrails?

What is net amortization?

How were the SERS and STRS models created?