On Sept. 10, Connecticut Treasurer Erick Russell announced investment performance data for the state’s pension funds. The Connecticut Retirement Plans and Trust Funds (CRPTF) reported returns of 10.1 percent for fiscal year 2025, once again substantially outpacing the assumed rate of return of 6.9 percent.
The returns were announced during the September meeting of the Investment Advisory Council (IAC), which shares responsibility for Connecticut’s investment strategy and performance. The funds have outpaced the assumed rate of return of 6.9 percent in each of the last three fiscal years.
The funds benefited from $933 million in excess contributions made as part of the state’s fiscal guardrails. When combined with investment earnings, total assets within the fund increased by $5.9 billion in fiscal year 2025.
In recent years, reforms have been put in place by the office of the treasurer and the IAC to index funds in low-fee, passive arrangemen
