Jan 16, 2008 - Governor Rell is hoping the State Bond Commission will approve the sale of $2 billion worth of bonds to help close a nearly $7 billion liability in Connecticut's teachers' retirement fund.
Revenue from the bond sale will be reinvested, with hopes of earning a higher rate of return. The new law also commits the state to fund the teachers' pension fund at 100 percent of recommended contributions, which the state failed to do from 1992 to 2005.
Previous entry on Connecticut's unfunded teacher pensions.
See Unfunded Pension entries.
Pew Study Finds States Face $2.73 Trillion Bill for Retiree Benefits PDF
Wednesday, January 23, 2008
Unfunded Teacher Pensions
