The Connecticut Retirement Plans and Trust Funds (CRPTF) earned returns of 10.26 percent in calendar year 2024, according to investment performance numbers released by Connecticut Treasurer Erick Russell.
In September, data was released for fiscal year 2024, which ended on June 30, 2024, showing returns of 11.5 percent. The CRPTF reported a return of 12.8 percent for calendar year 2023.
“Strong investment performance will benefit taxpayers and pensioners in the near and long term,” said Treasurer Russell.
Key reforms implemented in recent years to reallocate plan assets, mitigate risk, lower fees and recruit and retain investment talent have all contributed to the positive performance.
In collaboration with the investment advisory committee, a new strategic asset allocation plan was initiated in 2022 and has been implemented by Treasurer Russell with the goal of maximizing returns over the long term at an acceptable level of risk.
As of Dec. 31
