The CT Pension funds are ranked near the BOTTOM – the main reason they are grossly underfunded is because the returns have been considerably lower than other pension plans.
*Source: Pensions & Investments, FY ending 6/30/2022
Our state pension fund has a performance problem. Despite paying $800 Million in fees, the CT Pension funds earned billions less than a passive index fund.
*Index Portfolio of 80% Russell 3000 Equity Index, 20% Barclays Aggregate Bond Index
Source: CT Treasurer SOC Reports, 6/30/2022