State Employees Bargaining Agent Coalition (SEBAC) leaders and the governor's administration in December reached an agreement to stabilize Connecticut's state pension fund. The national credit rating agency Moody’s described the reform plan as "credit positive." The agreement also has the full support of the state comptroller, whose office coordinates payroll for hundreds of thousands of retired state employees.

Despite being good for state employees and all taxpayers, some Republican legislators have criticized the agreement because it does not degrade employees' benefits or require increased contributions. They may reject it even though it would ensure state officials' obligations while protecting the retirement security of thousands of middle class families now and in the future.