news.bloomberglaw.com · September 8, 2026
Connecticut Surplus Deposits to State Pensions Top $11 Billion
# Connecticut Surplus Deposits to State Pensions Top $11 Billion
Sept. 8, 2026, 4:58 PM UTC
Martin Z. Braun Bloomberg News
transferred about $1.3 billion in excess revenue this latest fiscal year to underfunded state employees’ and teachers’ pensions, bringing surplus deposits to more than $11 billion over the last seven years, state Treasurer
Erick Russell
said Tuesday.
The cash injections and a bull market for stocks has boosted the combined funded ratio for the pensions to an estimated 73.6% in fiscal year 2026 from 44.4% in fiscal year 2020, the biggest improvement among US states, according to a July report by the Equable Institute. Reduction of the state’s pension debt has led to credit rating upgrades.
“This year’s $1.3 ...