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News Junkie: Connecticut’s retirement funds increase in value

HARTFORD, Conn. —  Preliminary investment returns show that Connecticut’s Retirement Plans and Trust Funds exceeded expectations in 2017.

The two largest of the six funds are the State Employees’ Retirement Fund, which saw returns of 14.34 percent, and the Teachers’ Retirement Fund, which saw returns of 14.40 percent. That exceeded the actuarial investment assumptions of 8 and 6.9 percent.

After combined net withdrawals of $793 million, including benefit payments, fees, and expenses, the pension funds jointly had a total value of approximately $32.4 billion as of June 30 — a net increase of $3 billion over the previous fiscal year.

time on May 30 by a vote of 116 to 33 and the Senate 30 to 6 on June 7.

Read the full story on CT News Junkie.

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