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Comptroller pitches MERS 2 tier to rein in municipal pension costs; municipalities and labor seek actuarial review
Summary
Comptroller Sean Scanlon told the Finance Committee he supports creating a new MERS 2 tier to reduce the growth of employer pension contribution rates; municipalities and the Connecticut Conference of Municipalities said the change could attract towns to join and urged actuarial analysis to determine employer cost impacts.
Comptroller Sean Scanlon told the committee that House Bill 7,276 would create a new tier — “MERS 2” — inside the Municipal Employees Retirement System (MERS) to curb rising municipal pension costs while preserving defined‑benefit retirement security for new hires. Scanlon described the work his office has done with labor and municipal leaders since 2023: a sequence of reforms, a new municipal retirement commission, and now a proposed alternative tier that would shift overtime into a…
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