Michael Katz
Connecticut Pension Funds Surge More Than 13%
For all three funds, the top-performing asset classes were emerging markets and equities.
Three of Connecticut’s major public pension funds in the Connecticut Retirement Plans and Trust Funds (CRPTF) reported returns exceeding 13% for the year ended Jan. 31, 2017.
The Teachers Retirement Fund returned 13.57%, the Connecticut State Employees Retirement Fund returned 13.37%, and the Municipal Employees Retirement Fund returned 13.29%. For all three funds, the top-performing asset classes were emerging markets and equities.
“These investment gains can help to strengthen the plan’s solvency,” Connecticut state Treasurer Denise Nappier was reported as saying in the Journal Inquirer. “Where the wind will blow next in terms of market returns is anyone’s guess, which reaffirms the need to generally stay put with the [CRPTF’s] long-term asset allocation mix.”
