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JP Morgan report highlights Connecticut pension problems

MAY 15, 2019 | by Marc Fitch | YANKEE INSTITUTE (CONNECTICUT)

By Marc Fitch, see chart in article and which state is at the far left, includes “Connecticut would have to pay 35 percent of its total revenue for the next 30 years to cover all its retirement obligations to state employees and teachers, according to a report released by JP Morgan. That figure is much higher than the 23 percent Connecticut is currently paying, as listed in JP Morgan’s 2018 ARC and the Covenants, an annual report that examines state pension and retiree healthcare liabilities.” 

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