fbpx
Home Tags State Employees’ Retirement Fund

Tag: State Employees’ Retirement Fund

CT to pay down pension debt by $1.6 billion

It's the second year in a row – and just the second time in history – that excess money in the state’s Budget Reserve Fund will be used to pay down the pension debt.

Treasurer Shawn Wooden: The Business Journal Interview

“I feel very strongly that, just because (the rainy day fund) is there, we should not deplete it. While it's raining today, we don’t know how long the rain is going to last – or when it’s going to start raining again."

Lamont: SEBAC pact will provide ‘hundreds of millions of dollars’...

According to the governor, the pact will result in a budgetary savings in the General Fund for each fiscal year through 2032 of between $115 and $121 million.

Connecticut pension plans’ performance place in national top 10

The two largest pension funds – the Teachers’ Retirement Fund and the State Employees’ Retirement Fund – saw their net market values grow by $1.5 billion and $1.3 billion, respectively.

Connecticut’s pension funds hit all-time high in fiscal ’17

After paying fees and expenses, the overall portfolio increased by more than $3 billion in value during the year.