Pensions funds for Connecticut teachers and state employees posted investment returns of more than 15.6 percent in the fiscal year ended June 30, State Treasurer Denise L. Nappier’s office announced.
That amounted to a combined gain of more than $3 billion between the two funds, which are the largest administered by the state. The teachers’ fund now totals $16.2 billion in assets, while the employee fund is at $10.5 billion, as of June 30.
Over the last five years, the funds have averaged returns of 11.79 percent and 11.90 percent, respectively, Nappier said.
“In light of the state’s significant unfunded pension liability, the substantial growth of the fund assets is good news for its beneficiaries and taxpayers,” Nappier said in a statement.
