The state’s unfunded pension liability will surely be discussed at length this election season, but a state commission created by the legislature is already at work this summer exploring ways to address the problem.
The Connecticut Pension Sustainability Commission is charged with studying “the feasibility of placing state capital assets in a trust and maximizing those assets for the sole benefit of the state pension system.”
CEA Retirement Specialist Robyn Kaplan-Cho serves on the commission, representing teachers. “Placing a state asset, such as the Connecticut lottery, into the Teachers’ Retirement Fund would dramatically reduce the state’s unfunded liability. That would allow the state to reduce its yearly payment into the fund since there would be less unfunded liability to pay off,” she says. Read more