open connecticut Comptroller Kevin Lembo
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The state must adequately plan for certain legally binding obligations that it will have to pay for in the future. Those obligations include pension and health care costs for state retirees.

The state manages several retirement systems, including the State Employee Retirement System (SERS), which covers the majority of state employees. It also manages separate pension systems for teachers, judges and certain municipalities that voluntarily elect to participate in the state-administered Connecticut Municipal Employees Retirement System (CMERS). The state regularly assesses the financial health of its retirement systems through actuarial reports.

Separate actuarial reports are done to assess the state’s future retiree health-care costs – known as Other Post-Employment Benefits (OPEB).

To view current and past reports on the state’s retirement systems and OPEB obligations, click on the links below:

OPEB Report - health care for retirees
Pensions: Actuarial Reports
Debt: CAFR Report
What is GAAP?