Lege TREND. Selling State Assets to Bolster Pensions.

State: Connecticut

Commission Exmaining Selling State Assets to Fund State Pensions: 13-member Pension Sustainability Commission

Pension Funding Proposal #1:

• Set up a state fund
• Funded by the sale of assets, like state real property
• The funds’ gains would shore up the pensions

Pension Funding Proposal #2:

• Dedicating state lottery proceeds to state pension
• Estiamted amount: $350 million in the current fiscal year
• Flaw: leaves a $350 million funding deficit in general revenue

Hartford Courant | New Commission Will Explore Selling State Assets To Shore Up Pension Funds