Tag: pension funding
The report’s key findings are: Connecticut’s pension systems for state employees and teachers face large unfunded liabilities, despite recent efforts by the State to fund. A significant source of the problem is the “legacy debt” built up before the State began pre-funding its pensions in the 1970s. Since pre-funding began, inadequate contributions from the State and low…
The brief’s key findings are: During 2014, public plans adopted new accounting standards for reporting purposes but continued to use the traditional standards for funding purposes. The traditional funded ratio rose from 72 percent in 2013 to 74 percent in 2014 – the first improvement since the financial crisis. Required contributions continued to climb in…
