Connecticut Deposits $1.5 Billion in State Pensions: Treasurer
Connecticut transferred about $1.5 billion in excess budget reserves to its underfunded state employees’ and teachers’ pensions, bringing extra deposits in the funds to more than $10 billion over the...
By Martin Z Braun · Bloomberg Markets
Connecticut transferred about $1.5 billion in excess budget reserves to its underfunded state employees’ and teachers’ pensions, bringing extra deposits in the funds to more than $10 billion over the last six years, state Treasurer Erick Russell said Tuesday.