THE 33% WAGE INCREASE FOR CT STATE WORKERS UNDER GOVERNOR LAMONT HAS INCREASED PENSION COSTS $21.3 BILLION
The six consecutive annual wage increases under Governor Lamont have increased Connecticut’s pension costs $21.3 billion, based upon analysis of data in the Report of the Actuary on the State Employee Retirement System (SERS) pension fund as of June 30, 2025.
Connecticut has not released an official analysis of the pension cost associated with the four-year SEBAC 2022 wage contract, nor the pension impact of the six-year cumulative 33% wage increase resulting from the four SEBAC 2022 wage increases of 4.5% per year plus the two preceding 5.5% annual wage increases under Governor Lamont.