Connecticut Teachers Retirement System
public plan · State of Connecticut · New Haven, CT
Funding History
What This Means for You
Connecticut Teachers Retirement System is significantly underfunded at 52%, with $18.3B in unfunded liabilities affecting 85,401 participants. Plans at this funding level face difficult choices: raising contributions substantially, reducing future benefit accruals, or in extreme cases, applying for benefit suspensions. 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 | $20.0B | $38.3B | 52.2% | $810.8M |
| 2024 | $19.5B | $38.4B | 50.8% | $758.3M |
| 2023 | $18.1B | $43.5B | 41.6% | $765.1M |
| 2022 | $18.1B | $38.9B | 46.6% | $766.0M |
| 2021 | $17.3B | $32.6B | 53.0% | $898.5M |
Frequently Asked Questions
Connecticut Teachers Retirement System is 52% funded, meaning it has 52 cents in assets for every dollar in future benefit obligations. This is significantly underfunded and participants should monitor the situation closely.
Connecticut Teachers Retirement System has 85,401 total participants, including 37,604 active employees and 47,797 retirees currently receiving benefits.
Connecticut Teachers 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.