Andre Baker Jr

Connecticut has made significant progress in strengthening its pension funds for retired state workers and addressing legacy debt, which isn’t just good news for pension holders, but for all taxpayers.

The improvements in the State Employees’ Retirement System (SERS) and Teachers’ Retirement System (TRS) are detailed in reports released this week. Our latest independent valuations found both systems to be at their highest funding levels in decades.

As the funding levels rise and the debt goes down, that frees up money – $492 million in the next fiscal year alone – that can support tax cuts for working families and key investments in our communities.