Connecticut Teachers Basics

  • Established 1939
  • Currently open to new hires
  • Plan covers teachers
  • Plan members not covered by Social Security
  • Multiple employer, cost sharing plan

Assets, Participants, and Benefits

Assets at Year-End, Connecticut Teachers, 2001-2022

Fiscal Year Net Assets (billions)
2001 11.21
2002 10.10
2003 9.85
2004 10.85
2005 11.40
2006 12.20
2007 13.79
2008 14.55
2009 11.41
2010 12.28
2011 14.15
2012 13.48
2013 14.46
2014 16.21
2015 16.12
2016 15.59
2017 17.13
2018 17.95
2019 18.49
2020 18.29
2021 23.12
2022 21.55

Source: Public Plans Database

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Number of Actives per Annuitant, 2001-2022

Fiscal Year Connecticut Teachers US State and Local Pensions
2001 null 2.4
2002 2.2 2.3
2003 2.1 2.2
2004 2.1 2.1
2005 2.0 2.1
2006 1.9 2.0
2007 1.9 2.0
2008 1.8 1.9
2009 1.7 1.9
2010 1.7 1.8
2011 1.6 1.7
2012 1.5 1.6
2013 1.5 1.5
2014 1.5 1.4
2015 1.5 1.4
2016 1.4 1.4
2017 1.4 1.4
2018 1.4 1.3
2019 1.3 1.3
2020 1.3 1.3
2021 1.3 1.2
2022 1.3 1.2

Source: Public Plans Database

National data averages are weighted by plan size.

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Costs

Employer's Annual Required Contribution as a Percentage of Payroll and Portion Paid for Connecticut Teachers, 2001-2022

Fiscal Year Portion of Employer ARC paid Portion of Employer ARC left unpaid US Avg Employer ARC ARC as a Percent of Payroll
2001 null null 9.3 null
2002 7.6 0.2 9.8 7.8
2003 6.4 1.5 11.4 7.9
2004 6.3 2.9 14.0 9.2
2005 6.1 3.2 14.4 9.3
2006 12.6 0.0 14.5 12.6
2007 12.6 0.4 14.6 13.0
2008 74.1 0.0 14.1 15.3
2009 15.3 0.0 14.4 15.3
2010 15.3 0.0 17.2 15.3
2011 15.9 0.0 18.4 15.9
2012 20.7 0.0 20.4 20.7
2013 21.0 0.0 21.0 21.0
2014 24.8 0.0 20.3 24.8
2015 25.3 0.0 20.5 25.3
2016 24.7 0.0 20.3 24.7
2017 25.2 0.0 21.4 25.2
2018 31.2 0.0 23.1 31.2
2019 30.4 0.0 24.6 30.4
2020 27.2 0.0 24.5 27.2
2021 27.4 0.0 24.0 27.4
2022 30.7 0.0 24.3 30.7

Source: Public Plans Database

National data averages are weighted by plan size.

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Actuarial Funding

Actuarial Funded Ratio for Connecticut Teachers, 2001-2022

Fiscal Year Connecticut Teachers National Data
2001 null 101.7
2002 75.9 94.8
2003 74.9 89.0
2004 65.3 87.2
2005 65.4 85.4
2006 59.5 85.3
2007 55.3 86.3
2008 70.0 84.4
2009 68.6 78.4
2010 61.4 75.7
2011 60.4 74.3
2012 55.2 72.3
2013 57.9 71.9
2014 59.0 73.2
2015 57.2 73.2
2016 56.0 71.6
2017 57.4 72.1
2018 57.7 72.4
2019 54.4 72.5
2020 51.3 72.7
2021 52.2 76.2
2022 57.0 77.1

Source: Public Plans Database

National data averages are weighted by plan size.

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Investments

Asset Allocation for Connecticut Teachers, 2022

Category Percent
Equities 42.4
Fixed Income 22.1
Private Equity 12.4
Real Estate 16.0
Cash 0.2
Other 0.0
Commodities 0.0
Hedge Fund 6.9
Misc. Alternatives 0.0

Source: Public Plans Database

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Asset Allocation for State and Local Pensions, 2022

Category Percent
Equities 42.7
Fixed Income 20.8
Private Equity 13.0
Real Estate 10.2
Cash 2.1
Other 0.6
Commodities 2.3
Hedge Fund 6.5
Misc. Alternatives 1.8

Source: Public Plans Database

National data averages are weighted by plan size.

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Asset allocation for Connecticut Teachers, 2001-2022

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2001 50.6 34.4 12.7 2.3 0.0 0.0 0.0 0.0 0.0
2002 47.6 37.7 12.2 2.5 0.0 0.0 0.0 0.0 0.0
2003 47.2 40.4 10.1 2.3 0.0 0.0 0.0 0.0 0.0
2004 58.3 29.2 8.9 1.8 1.8 0.0 0.0 0.0 0.0
2005 59.9 31.4 6.8 1.9 0.0 0.0 0.0 0.0 0.0
2006 62.9 29.4 6.0 1.7 0.0 0.0 0.0 0.0 0.0
2007 61.1 30.3 6.0 2.6 0.0 0.0 0.0 0.0 0.0
2008 55.8 28.3 6.8 3.7 5.4 0.0 0.0 0.0 0.0
2009 55.7 27.2 8.0 3.8 5.3 0.0 0.0 0.0 0.0
2010 54.5 24.6 9.3 3.6 8.0 0.0 0.0 0.0 0.0
2011 59.0 21.5 8.9 4.3 4.2 0.0 0.0 2.1 0.0
2012 56.0 21.3 10.9 5.6 3.9 0.0 0.0 2.3 0.0
2013 56.1 19.6 10.0 5.7 4.0 0.0 0.0 4.6 0.0
2014 55.2 20.1 10.1 5.0 5.2 0.0 0.0 4.4 0.0
2015 53.0 20.4 9.3 6.3 5.1 0.0 0.0 5.9 0.0
2016 51.2 22.1 9.1 7.6 4.0 0.0 0.0 6.0 0.0
2017 52.3 21.3 8.1 7.0 5.2 0.0 0.0 6.1 0.0
2018 52.0 22.5 6.7 6.5 5.2 0.0 0.0 7.1 0.0
2019 53.5 23.1 7.0 6.5 1.7 0.0 0.0 8.2 0.0
2020 41.0 29.8 7.5 12.0 2.3 0.0 0.0 7.4 0.0
2021 48.2 23.8 8.8 11.8 2.0 0.0 0.0 5.4 0.0
2022 42.4 22.1 12.4 16.0 0.2 0.0 0.0 6.9 0.0

Source: Public Plans Database

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Annual Return as of June 30 for Connecticut Teachers, 2001-2022

Fiscal Year Connecticut Teachers Assumed return
2001 -3.68 null
2002 -6.39 8.50
2003 2.49 null
2004 15.34 8.50
2005 10.49 null
2006 10.74 8.50
2007 17.47 null
2008 -4.77 8.50
2009 -17.14 null
2010 12.87 8.50
2011 20.77 null
2012 -0.96 8.50
2013 11.83 null
2014 15.67 8.50
2015 2.79 null
2016 0.25 8.50
2017 14.38 null
2018 7.04 8.00
2019 5.85 null
2020 1.85 6.90
2021 24.28 6.90
2022 -7.76 6.90

Source: Public Plans Database

National data averages are weighted by plan size.

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Cash Flows

Cash Flow vs. Total Assets (Millions)
Connecticut Teachers
2001-2022

Fiscal Year Cash Flow Assets
2001 -309.8 11,207.1
2002 -373.3 10,103.4
2003 -437.3 9,852.2
2004 -483.2 10,852.0
2005 -563.0 11,397.2
2006 -407.6 12,202.7
2007 -513.6 13,790.8
2008 1,468.5 14,554.5
2009 -615.5 11,410.7
2010 -616.4 12,284.3
2011 -649.9 14,152.2
2012 -525.0 13,482.1
2013 -578.0 14,462.9
2014 -532.7 16,207.8
2015 -611.5 16,120.1
2016 -622.7 15,594.9
2017 -662.1 17,134.3
2018 -412.4 17,946.8
2019 -466.1 18,493.5
2020 -625.8 18,286.4
2021 305.7 23,117.1
2022 -446.3 21,549.7

Source: Public Plans Database

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Note: The PPD average is for plans with a similar fiscal year end (FYE) date to the plan presented on this page.


Cash Flow as a Percentage of Assets
Connecticut Teachers
2001-2022

Fiscal Year Connecticut Teachers National Average
2001 -2.8 -2.0
2002 -3.7 -2.4
2003 -4.4 -2.6
2004 -4.5 -1.8
2005 -4.9 -2.2
2006 -3.3 -2.2
2007 -3.7 -2.0
2008 10.1 -2.2
2009 -5.4 -3.1
2010 -5.0 -3.2
2011 -4.6 -3.0
2012 -3.9 -3.2
2013 -4.0 -3.1
2014 -3.3 -2.9
2015 -3.8 -2.7
2016 -4.0 -2.9
2017 -3.9 -2.8
2018 -2.3 -2.4
2019 -2.5 -2.4
2020 -3.4 -2.3
2021 1.3 -2.0
2022 -2.1 -1.9

Source: Public Plans Database

National data averages are weighted by plan size.

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2022 Financial Reports

Benefits

Website for Connecticut Teachers benefit descriptions.