Compensation Strategies Group, Ltd.
Nova 401(k) Associates
ERISA Services, Inc.
Atlantic Pension Services Inc
Creative Pension Consultants, Inc.
Nicholas Pension Consultants
The Retirement Plan Company (TRPC)/an ABG firm
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|Forensics and the Future of a Connecticut Pension Plan|
Center for Retirement Research at Boston College
Dec. 1, 2015
"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 retirement incentives have added to the problem. A promising approach for addressing the funding problem is to provide more breathing room in exchange for a real and sustained commitment to funding by: separately funding the legacy debt over multiple generations; while funding ongoing benefits using a stricter method for calculating required contributions, and reducing the long-term assumed return on plan assets."
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