In his report on March 2026, Treasurer Erick Russell reported a favorable 14 percent increase in pension fund assets last year.  Additional assets brought gains of $8.3 Billion for the state employees, teachers and municipal workers’ pensions funds.  Along with high stock market gains, the Treasurer credits his office with better asset allocations, getting more funds in private and domestic markets. He has stated that “…by diversifying our investments and managing risks carefully, we are positioning ourselves to weather short term market disruption and deliver stainable growth over time” (CT official website of the Office of Treasurer Erick Russell). The Treasurer’s office oversees over $68 Billion in pension assets. Both Governor Lamont and Treasurer Erick Russell have indicated that they are working together for improvements to the pensions. The Governor has allocated approximately $10 Billion from budget surpluses to the state employees and teachers’ pensions which is in addition to its annual actuarial required payments of over $3 Billion. (Hartford Courant article from CT Mirror)   Both the Governor and the Treasurer are working to overcome decades of years when Connecticut failed to make any or inadequate payments to the pensions.