By Andrew Biggs and Tracy Miller, summary includes “Connecticut’s public employee pension plans are among the most poorly-funded in the nation. With few additional financial resources at its disposal Connecticut, like other states, has shifted to increasingly risky investments in hopes of garnering higher returns and reducing the need for increased taxpayer contributions. Regrettably, most government disclosures and reports on pensions ignore this investment risk.”
Read the full article on: Mercatus Center, George Mason University