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  • Governor Lamont’s Proposed Changes to Connecticut’s Teachers’ Retirement System (TRS)

    Governor Ned Lamont’s proposed biennial state budget for fiscal years 2020 and 2021 contains several changes to the Connecticut Teachers’ Retirement System (TRS). The purpose of this explainer document is to detail Governor Lamont’s proposed changes to the TRS and to analyze the projected impact of these changes on the system and the State of Connecticut. This resource also includes the actuarial projections, from Connecticut's Office of Policy and Management, for the governor's proposed changes to the TRS.

  • Connecticut's Municipal Employee Retirement System

    As a supplement to the Connecticut School Finance Project’s January 2018 report, Factors Contributing to Health of State Employee Pension Funds, this policy briefing analyzes the health of Connecticut’s Municipal Employee Retirement System (MERS), examines the factors contributing to the system’s relatively healthy current funding level, and discusses the features of the system that differentiate it from other public pension systems, such as Connecticut’s State Employees Retirement System (SERS).

  • Governor Lamont's Proposed Municipal TRS Contributions

    Governor Ned Lamont’s proposed biennial state budget for fiscal years 2020 and 2021 contains municipal contributions to the Connecticut Teachers’ Retirement System (TRS), which has traditionally been funded by the State of Connecticut and contributions from teachers. This document details how these municipal contributions to the TRS are calculated, and provides example calculations of the FY 2020 municipal contribution. A model of these calculations from the State of Connecticut's Office of Policy and Management is also available, as well as interactive visualizations detailing the different components of the proposed municipal contributions.

  • Connecticut's Teachers' Retirement System (TRS)

    As a supplement to our January 2018 report, Factors Contributing to Health of State Employee Pension Funds, this policy brief analyzes the health of Connecticut’s Teachers’ Retirement System (TRS), examines the factors that led to the system’s current funding level, and discusses the features of the system that differentiate it from other public pension systems, such as Connecticut’s State Employees Retirement System (SERS).

  • Factors Contributing to Health of State Employee Pension Funds

    This report identifies key factors that contribute to the health of state employee pension systems, and uses these key factors to assess and compare the health of state employee pension systems in Connecticut with other peer states.