Tag: inadequate contributions
![Firefighter,Helmet,And,Protection,Coat,Hanging,In,The,Fire,Station](https://crr.bc.edu/wp-content/uploads/2022/11/state_and_local_pensions_8-1536x864.jpg)
The brief’s key findings are: Connecticut’s State Employees Retirement System faces a large unfunded liability, despite recent efforts by the State to fund. A significant source of the liability is the “legacy debt” built up before the State began pre-funding its pensions in the 1970s. More recently, inadequate contributions, low investment returns (since 2000), and early…