The Center for Public Integrity has ranked Connecticut first in the nation in pension funds management with a grade of “A” as part of its 2015 State Integrity Investigation.
The Washington, D.C. organization cited Connecticut for the transparency of its pension fund management, effectiveness of the laws and regulations governing conflicts of interest, and citizen access to disclosures and pension fund documents. The “A” grade for State Pension Funds Management was the highest of 13 categories, ranging from budget processes to procurement, which evaluated the state’s framework for deterring corruption in state government.
State Treasurer Denise L. Nappier said the high ranking came because of the state’s independent Investment Advisory Council. “Connecticut’s system of pension fund governance is the result of hard-fought reforms hailing back to 2000 following the malfeasance of my predecessor, and it is gratifying to see Connecticut being recognized for our ongoing commitment to integrity, transparency and the highest ethical standards,” said Nappier.
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