Yankee Institute welcomed the news that Connecticut made an 11.5% return last year investing its pension assets.
“After decades of our state pension being mismanaged, this is good news for the people of Connecticut,” said Yankee Institute president Carol Platt Liebau. “Our pension funds gained a total of $6.7 billion over the last fiscal year because of the $1.9 billion budget surplus along with these investment gains. It’s proof positive that the fiscal guardrails are working and need to be left in place.”
“There is still work to do to put Connecticut’s fiscal house in order,” Liebau said. “But these results show that rather than abandoning the guardrails, keeping them frees up money to spend on programs our state’s people need — while positioning Connecticut for long term prosperity.”
