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Far below normal precipitation has caused a drought and increased fire danger levels. All of Connecticut is currently in a Stage 2 Drought Advisory. Residents are encouraged to be mindful of water consumption and use extra caution to prevent fires. An emergency burn ban remains in effect at all state parks, forests, and wildlife management areas, prohibiting the use of all outdoor grills, firepits, campfires, etc.

Background Documents Provided or Requested By Commission Members re: Pension and OPEB Issues

1. The Trillion Dollar Gap: Underfunded State Retirement Systems and the Roads to Reform, The Pew Center on the States, February 2010

2. The Crisis in State and Local Government Retiree Health Benefit Plans: Myths and Realities, Center for State and Local Excellence, November 2009

3. The $2 Trillion Hole, Baron's March 19, 2010

4. Final Report of The Special Commission to Study the Massachusetts Contributory Retirement Systems, Submitted October 7, 2009

5. An Options Pricing Method for Calculating the Market Price of Public Sector Pension Liabilities, American Enterprise Institute, February 26, 2010

6. How Progressive is the U.S. Federal Tax System? Historical and International Perspective, Journal of Economic Perspectives, Winter 2007

7. Other Post-Employment Benefits-Moody's Special Comment, July 2005

8. Prefunding OPEB in State and Local Governments: Options and Early Evidence, Center for State and local Government Excellence, September 2009

9. Managing DB Pension Plans in Stressful Times, Althea A. Schwartz Powerpoint Presentation, March 26, 2010

10. State Debt Woes Grow Too Big To Camouflage, New York Times, March 26, 2010

11. Report of the Maine Unified Retirement Plan Task Force. March 8, 2010

12. The Pension/OPEB Funding Puzzle, by Greg Stump, April 9, 2010

a.) 2008 survey on public pensions referenced in the report

b.) Kaiser Family Foundation's '09 survey - employer health insurance plans

13. ARE STATE PUBLIC PENSIONS SUSTAINABLE?

a.) Why the Federal Government Should Worry About State Pension Liabilities

by Joshua D. Rauh

b.) Raugh Response Final

14. FUNDING PENSIONS & RETIREE HEALTH CARE FOR PUBLIC EMPLOYEES,
A report of the Pubilc Employee Post Employment Commission of California

15. LINK: NY State Task Force on Public Employee Retirement Health Care Benefits

http://www.ny.gov/governor/reports/pdf/HealthCareRetiree.html

16. LINK: In Budget Crisis, States Take Aim at Pension Costs, By Mary Williams Walsh, NYT

http://www.nytimes.com/2010/06/20/business/20pension.html?src=me&ref=bus

17. New England State Pension Reform - VT Published: June 19, 2010

18. New England State Pension Reform - RI

19. New England Public Policy Center Research Report 10-1, June 2010

20. Towers Watson Finds DB Plans Outperformed DC Plans, February 3, 2010

21. Investment Returns DB v. DC Plans

22. GASB Pension Changes - Moody's - 07/06/10

23. Pension Report July 10, 2010

24. Pension Funding and Policy Challenges Loom for US States; S&P Report July 8, 2010

25. DB Pensions: The Real Deal (Journal of Pension Benefits)

26. Minimizing Retiree Health-Care Benefits: Can Medical Trusts be the Answer to the Shrinking Retiree Health-Care Benefit? (Governing, August 2010)

27. LINK: Privatization Leaves Billions in the Lurch
http://globalgeopolitics.net/wordpress/2010/08/16/privatization-leaves-billions-in-the-lurch/