University of Connecticut General Obligation Bonds 2023 Series A and Refunding Series A
The State Has Made $7.6 Billion of Combined, Additional
Pension Contributions Since FY 2020
■ The State is committed to sustainably funding its
pension obligations
UCONN
SERS and TRS Historical Funding(¹) ($ millions)
STATE OF CONNECTICUT
LOUI
SUSTINET
TRANSTULIT
TREASURER'S OFFICE
$6,000
Sound pension management using 6.9% discount rate and
level dollar funding
■TRS Add'l Contribution
■SERS Add'l Contribution
■TRS ADEC Funding
■SERS ADEC Funding
$5,000
Consistently meeting its required actuarially determined
contribution ("ADEC") over the last five years
$4,000
$3,000
Additional contributions to its retirement funds for FYs
2020-2023
■ The State has fully funded its pension requirements
and made additional contributions of $61.6 million for
FY 2020, $1.6 billion for FY 2021, $4.1 billion for FY
2022 and is on track to make an additional $1.9 billion
contribution for FY 2023
$2,000
$1,000
8%
7%
6.19%
6.04%
6%
5%
4%
3%
2%
1%
0%
5 Year
(1) POS Part II pp. II-68, II-69, II-77, II-80.
(2) POS Part II p. II-86
% ADEC
Funded
$0
2018
2023
2019
2020
2021
2022
(proj.)
SERS 100.1%
100.2%
TRS 100.0%
100.0%
103.8% 142.2%
100.0% 172.3% 149.2%
207.4%
146.7%
148.8%
SERS and TRS Annualized Net Return on Investment Assets (through June 30, 2023)(2)
7.04%
6.94%
6.15%
6.15%
6.96%
6.99%
10 Year
15 Year
20 Year
SERS TRS
6.11%
6.14%
25 Year
University of Connecticut | State of Connecticut 15View entire presentation