Malloy & Nappier Responsible for ‘Connecticut’s Disaster’ - Tim for Connecticut

“Governor Malloy must have forgotten to look at just how bad things are in Connecticut before criticizing our southern neighbor,” Herbst added. “Our state has an unfunded pension liability of $13.3 billion which puts Connecticut at 42% funded, while in New Jersey they are more than 60% funded. 

• Percent Funding of State Retirement System Liabilities – 3rd worst in the country at 58.3%. (Public Fund Survey)

• Barron’s Magazine also ranked CT as the worst state in terms of states’ financial strength. (2012)

• The Institute for Truth in Accounting rated CT as the state in the worst financial position. (2012)

• Connecticut ranks 48th in “Ranking of States by Cash Solvency” – (January 2014, Mercatus Center, George Mason University)

• Connecticut ranks 49th in Credit Quality – Conning Investment Management Company, 2014.

Malloy & Nappier Responsible for ‘Connecticut’s Disaster’ - Tim for Connecticut