23. Who invests my retirement money?
The State Treasurer is the principal fiduciary for Connecticut Retirement Plans and Trust Funds (CRPTF). The Treasurer is responsible for prudently managing the retirement funds for approximately 160,000 teachers, state, and municipal employees who are pension plan participants and beneficiaries as well as academic programs, grants, and initiatives throughout the State.
The CRPTF’s asset mix is established by the Treasurer, with approval by the Investment Advisory Council, based on (1) capital market theory, (2) financial and fiduciary requirements, and (3) liquidity needs. The Treasurer has detailed investment and performance information on her website with regard to pension monies. The link is: https://portal.ct.gov/OTT/Pension-Funds/Overview.