CRR Special Series on Legacy Pension Debt

This series quantifies the “legacy debt” (unfunded liabilities from long ago) for several major state-administered retirement systems and offers a new approach to better manage these liabilities.

Connecticut

• CT State Employees Retirement System
• CT Teachers’ Retirement System

Illinois

• IL State Employees Retirement System
• IL State Universities Retirement System
• IL Teachers’ Retirement System

Massachusetts

• MA State Retirement System
• MA Teachers’ Retirement System

Ohio

• OH School Employees Retirement System
• OH State Teachers Retirement System

Pennsylvania

• PA State Employees Retirement System

Rhode Island

• Employees Retirement System of RI