Administration March 3, 2011
CT Fund Reaps 12.5% for 2010
March 3, 2011 (PLANSPONSOR.com) – Connecticut State Treasurer Denise L. Nappier said the Connecticut Retirement Plans and Trust Funds (CRPTF) returned 12.55% for the 2010 calendar year.
Reported by PLANSPONSOR staff
A Nappier news release said that represents $2.8 billion in investment performance. With net benefits paid totaling $1.2 billion, the market value for the CRPTF at year end stood at $24.5 billion.
The CRPTF portfolio outperformed its dollar-weighted industry-standard benchmarks in 2010 by .50% — thereby earning an additional $115 million, the news release said.
So far this 2011 fiscal year – July 1, 2010, to December 31, 2010 – the pension funds are off to an even stronger start with an investment return of 14.9%, the announcement said. This investment performance translates into $3.2 billion of growth in pension assets.