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Compass
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Forensics and the Future of a Connecticut Pension Plan (PDF)
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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