Conn. Gen. Stat. § 5-156a
This is the official text of Conn. Gen. Stat. § 5-156a, part of Connecticut’s Gen. Stat — part of the compiled statutory law of Connecticut, published by the state as "Gen. Stat." Browse the sections below, each linked to its official government source.
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Sec. 5-156a. Funding of retirement system on actuarial reserve basis.
Official statutory text
(2) Notwithstanding the provisions of subdivision (1) of this subsection, the Retirement Commission shall not finalize any valuation prepared pursuant to said subdivision, or certify the amount necessary to maintain the retirement fund on an actuarial reserve basis pursuant to said subdivision, until such valuation and certification account for any funds deemed to be appropriated to the State Employees Retirement Fund pursuant to subsection (c) of section 4-30a .
(b) The Retirement Commission shall determine on an actuarial basis (1) a normal rate of contribution which the state shall be required to make into the retirement fund in order to meet the actuarial cost of current service and (2) the unfunded past service liability. For the first sixteen years, the funding program for the actuarial reserve basis shall consist of the following percentages of the sum of normal cost and the amount required for a forty-year amortization of unfunded liabilities:
(b) The Retirement Commission shall determine on an actuarial basis (1) a normal rate of contribution which the state shall be required to make into the retirement fund in order to meet the actuarial cost of current service and (2) the unfunded past service liability. For the first sixteen years, the funding program for the actuarial reserve basis shall consist of the following percentages of the sum of normal cost and the amount required for a forty-year amortization of unfunded liabilities:
Status: in_force · Read it on the official government site
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