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Posts tagged ‘pensions sustainability commission’

Actuary Sets Record Straight on Teacher Pensions

Misconceptions abound when it comes to teachers’ pensions, but today, in a presentation to the Pension Sustainability Commission, an actuary clarified that Connecticut teachers’ pension benefits are actually quite modest.

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.”

John Garrett, principal and consulting actuary at Cavanaugh Macdonald Consulting, shared findings from the March 2018 report of the Connecticut Teachers’ Retirement System Viability Commission.

Garrett compared Connecticut with 11 other state retirement systems that cover pension benefits to teachers who do not receive social security. “Connecticut has a fairly modest benefit when you look at other non-Social Security covered workforces,” he said. Read more