Connecticut State Employees Retirement System
public plan · State of Connecticut · New Haven, CT
Funding History
What This Means for You
Connecticut State Employees Retirement System is significantly underfunded at 39%, with $23.1B in unfunded liabilities affecting 102,928 participants. Plans at this funding level face difficult choices: raising contributions substantially, reducing future benefit accruals, or in extreme cases, applying for benefit suspensions. The PBGC has flagged this plan as critical status. Public plans cannot declare bankruptcy, but severe underfunding may lead to reduced cost-of-living adjustments or increased employee contributions. If you are a participant, it is important to understand your options and consider diversifying your retirement income sources.
Year-by-Year Funding
| Year | Assets | Liabilities | Funding Ratio | Contributions |
|---|---|---|---|---|
| 2025 | $14.9B | $38.0B | 39.2% | $765.8M |
| 2024 | $14.0B | $38.2B | 36.7% | $846.4M |
| 2023 | $14.0B | $34.9B | 40.1% | $847.8M |
| 2022 | $13.0B | $31.5B | 41.1% | $620.6M |
| 2021 | $12.8B | $31.2B | 41.0% | $599.5M |
Frequently Asked Questions
Connecticut State Employees Retirement System is 39% funded, meaning it has 39 cents in assets for every dollar in future benefit obligations. This is significantly underfunded and participants should monitor the situation closely.
Connecticut State Employees Retirement System has 102,928 total participants, including 61,077 active employees and 41,851 retirees currently receiving benefits.
Connecticut State Employees Retirement System is not covered by the PBGC. Benefits depend entirely on the plan's assets and the sponsor's ability to fund it.
The Pension Health Score (0-100, A-F) measures a pension plan's financial strength based on funding ratio (50%), funding trend over 3 years (30%), and PBGC risk level (20%). Higher scores indicate more secure retirement benefits.
Pension Health Score is calculated from funding ratio, 3-year funding trend, and PBGC risk classification.