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Has Connecticut Found A Solution To Underfunded Public Pensions?

by forbes.com posted 8months ago 41 views
Connecticut leads the nation in a solution potentially solving its multibillion-dollar pension liability, How are they doing it? : Okay. I know, I know. We’ve all seen this headline before. Ad nauseum. To add to that, nothing seems to improve. Another year goes by and state employee pensions are still underfunded. The numbers don’t lie: at the close of 2016, the cumulative pension funding deficit stood at $1.4 trillion—the 15thannual increase in pension debt since 2000. It’s not like the states aren’t trying to make up the shortfalls. In fact, contributions to pensions from state taxpayers doubled since 2000.

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