CT SERS administers pension and other benefits for state employees. Assets are managed by the state treasurer, who serves as sole trustee. The system is administered by the Retirement Division of the state comptroller.
Connecticut State Employees Retirement System Basics, by Plan
| Plan |
Assets (millions) |
Total Members |
| Connecticut SERS |
13,249.5 |
102,597 |
| Other Plans |
0.0 |
0 |
| Total |
13,249.5 |
102,597 |
Source: Public Plans Database (as of 2020)
Note: Connecticut State Employees Retirement System has 0 other plans.
Assets
Assets at Year-End
Connecticut State Employees Retirement System
2001-2020
| Fiscal Year |
Net Assets (billions) |
| 2001 |
7.8 |
| 2002 |
7.1 |
| 2003 |
7.0 |
| 2004 |
7.7 |
| 2005 |
8.1 |
| 2006 |
8.8 |
| 2007 |
10.0 |
| 2008 |
9.3 |
| 2009 |
7.3 |
| 2010 |
7.8 |
| 2011 |
9.0 |
| 2012 |
8.5 |
| 2013 |
9.2 |
| 2014 |
10.5 |
| 2015 |
10.7 |
| 2016 |
10.7 |
| 2017 |
12.0 |
| 2018 |
12.5 |
| 2019 |
13.3 |
| 2020 |
13.2 |
Membership
Ratio of Actives to Beneficiaries, 2001-2020
| Fiscal Year |
Connecticut State Employees Retirement System |
US State and Local Pensions |
| 2001 |
1.7 |
2.4 |
| 2002 |
1.7 |
2.3 |
| 2003 |
1.3 |
2.2 |
| 2004 |
1.3 |
2.1 |
| 2005 |
1.3 |
2.1 |
| 2006 |
1.4 |
2.0 |
| 2007 |
1.4 |
2.0 |
| 2008 |
1.4 |
1.9 |
| 2009 |
1.3 |
1.9 |
| 2010 |
1.2 |
1.8 |
| 2011 |
1.1 |
1.7 |
| 2012 |
1.1 |
1.6 |
| 2013 |
1.1 |
1.5 |
| 2014 |
1.1 |
1.4 |
| 2015 |
1.1 |
1.4 |
| 2016 |
1.0 |
1.4 |
| 2017 |
1.0 |
1.4 |
| 2018 |
1.0 |
1.3 |
| 2019 |
1.0 |
1.3 |
| 2020 |
0.9 |
1.3 |
2020 Membership for Connecticut State Employees Retirement System
| Actives |
Beneficiaries |
Inactive Vested |
Total Membership |
# of Participating Employers |
| 47,662 |
52,498 |
2,437 |
102,597 |
1 |
Cash Flows
Cash Flow vs. Total Assets (Millions)
Connecticut State Employees Retirement System
2001-2020
| Fiscal Year |
Cash Flow |
Assets |
| 2001 |
-197.8 |
7,791.1 |
| 2002 |
-189.1 |
7,093.4 |
| 2003 |
-230.8 |
6,996.4 |
| 2004 |
-350.5 |
7,682.5 |
| 2005 |
-319.7 |
8,149.1 |
| 2006 |
-241.0 |
8,765.2 |
| 2007 |
-232.9 |
10,043.4 |
| 2008 |
-235.7 |
9,331.9 |
| 2009 |
-300.7 |
7,322.6 |
| 2010 |
-486.3 |
7,791.3 |
| 2011 |
-430.5 |
8,985.0 |
| 2012 |
-430.1 |
8,468.6 |
| 2013 |
-266.8 |
9,182.6 |
| 2014 |
-157.6 |
10,472.8 |
| 2015 |
-99.4 |
10,668.7 |
| 2016 |
-100.1 |
10,653.8 |
| 2017 |
-181.9 |
11,981.8 |
| 2018 |
-325.6 |
12,527.5 |
| 2019 |
33.6 |
13,275.7 |
| 2020 |
-321.9 |
13,249.5 |
2020 Cash Flows for Connecticut State Employees Retirement System (millions)
| Inflows |
Outflows |
Investment Gains (losses) |
Change in Net Assets |
| 1,809.0 |
2,131.0 |
295.7 |
-26.2 |
Cash Flow as a Percentage of Assets
Connecticut State Employees Retirement System
2001-2020
| Fiscal Year |
Connecticut State Employees Retirement System |
National Average |
| 2001 |
-2.5 |
-2.1 |
| 2002 |
-2.7 |
-2.4 |
| 2003 |
-3.3 |
-2.6 |
| 2004 |
-4.6 |
-2.0 |
| 2005 |
-3.9 |
-2.2 |
| 2006 |
-2.8 |
-2.2 |
| 2007 |
-2.3 |
-2.1 |
| 2008 |
-2.5 |
-2.3 |
| 2009 |
-4.1 |
-3.1 |
| 2010 |
-6.2 |
-3.2 |
| 2011 |
-4.8 |
-3.1 |
| 2012 |
-5.1 |
-3.3 |
| 2013 |
-2.9 |
-3.2 |
| 2014 |
-1.5 |
-2.9 |
| 2015 |
-0.9 |
-2.8 |
| 2016 |
-0.9 |
-3.0 |
| 2017 |
-1.5 |
-2.9 |
| 2018 |
-2.6 |
-2.6 |
| 2019 |
0.3 |
-2.6 |
| 2020 |
-2.4 |
-2.4 |
