Connecticut State Retirement System

  • Connecticut holds the second highest debt per-capita rate in the United States at $35, 721.
  • Unfunded pension liabilities rose from 99.2 billion in the 2016 ALEC study to 127.7 billion in 2017, a one-year increase of 28 billion.
  • The state will be paying over 6 billion to the teacher’s retirement system alone by 2032 if the state fails to meet the discount rate of 8.5 percent
  • Fixed costs take over more than half of the state budget of Connecticut, with pensions, retirement costs and healthcare monopolizing a staggering amount of budget.
  • Connecticut has already faced two tax increases in response to the rise in costs, one in 2011 and the other in 2015. Neither has been enough to make a considerable difference in the pension crisis.

Yankee Institute Report
Yankee Institute: Report on Unfunded Liabilities
Mercatus Center Fiscal Condition of Connecticut