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CT Has 4th-Worst Pension Funding Ratio in U.S., Tax Foundation Says

May 18, 2018 By Staff
CT Has 4th-Worst Pension Funding Ratio in U.S., Tax Foundation Says

A new report from the Tax Foundation finds that Connecticut compares poorly to almost every state in the country when it comes to funding pensions.

Connecticut has one of the worst funding ratios for public pension plans in the nation, according to a new report from the Tax Foundation.

Connecticut’s 41-percent funding ratio is the fourth-worst in the nation, according to Tax Foundation.

The bottom five for public pension plan funding are:

  • New Jersey (31 percent)
  • Kentucky (31 percent)
  • Illinois (36 percent)
  • Connecticut (41 percent)
  • Colorado (46 percent)

The pension funding crisis threatens Connecticut’s short-term and long-term fiscal stability, and will certainly be a key issue for voters across the state this fall.