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Connecticut treasury announces $61.6 M in excess surplus to pay down state employees' pensions

The Connecticut State Treasurer announced the excess amount in the Budget Reserve Fund will be contributed to the State Employees' Retirement Fund.

News 12 Staff

Oct 1, 2020, 6:10 PM

Updated 1,361 days ago

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The Connecticut State Treasurer announced the excess amount in the Budget Reserve Fund will be contributed to the State Employees' Retirement Fund.
The decision was made following the release of the state's preliminary statement for Fiscal Year 2020 last week.
The $61.6 million amount will be used to pay down unfunded state employees' pensions.


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