State Treasurer Denise Nappier

State Treasurer Denise Nappier offered a presentation to the state’s Pension Sustainability Commission outlining the difficulties facing Connecticut’s Teachers Retirement System and suggested transferring $3 billion in state assets and bonds to teacher pension system.

Connecticut’s two largest pension funds for teachers and state employees received 16 percent returns over the course of one year thanks to a surging stock market, giving the state a much needed boost.