Major pension plans in the state
Plan Name | Assets (millions) | Participants | Funded Ratio | Percent of ARC Paid | Retirement System that Administers the Plan |
---|---|---|---|---|---|
Connecticut SERS | 13,249.5 | 102,597 | 38.5 | 100.0 | Connecticut State Employees Retirement System |
Connecticut Teachers | 18,286.4 | 91,578 | 51.3 | 100.0 | Connecticut Teachers Retirement Board |
Connecticut Municipal | 2,734.4 | 18,750 | 76.4 | 100.0 | Connecticut Municipal |
Hartford MERF | 1,010.7 | 5,576 | 66.5 | 100.0 | Hartford Municipal Employee Retirement Fund |
Source: Public Plans Database (as of 2020)
Public Cost
Annual Required Contribution as percent of State and Local Own-Source Revenue, 2001-2019
Fiscal Year | CT | US |
---|---|---|
2001 | 3.6 | 2.9 |
2002 | 3.9 | 3.0 |
2003 | 3.1 | 3.4 |
2004 | 3.2 | 4.2 |
2005 | 3.8 | 3.8 |
2006 | 4.9 | 3.7 |
2007 | 4.9 | 3.9 |
2008 | 12.4 | 4.2 |
2009 | 5.5 | 4.4 |
2010 | 6.8 | 4.6 |
2011 | 5.8 | 4.9 |
2012 | 6.2 | 5.0 |
2013 | 7.0 | 5.2 |
2014 | 8.4 | 5.6 |
2015 | 8.0 | 5.8 |
2016 | 10.5 | 6.1 |
2017 | 10.3 | 6.0 |
2018 | 9.6 | 6.4 |
2019 | 9.9 | 6.2 |