Connecticut
Pension fund assets for retired CT state employees and teachers up 14%
State Treasurer Erick Russell achieved a 14% increase last year investing Connecticut’s pension fund assets, gaining roughly $8.3 billion for retirement programs for state employees, teachers and other municipal workers.
The state, which oversees nearly $69 billion in pension assets, aims for an average annual return on pension investments of 6.9%.
Expectations for bigger gains grew throughout the past year as key stock market indices surged. The Dow Jones Industrial Average, an index of 30 prominent companies listed on stock exchanges, grew by more than 13% in 2025. And the S&P 500, which follows 500 traded companies, topped 16%.
Among peer states and other entities that manage public pension funds holding more than $10 billion in assets, Connecticut’s 2025 performance ranks in the top 17%, Russell said.
But the treasurer, who also announced this week he will seek a second term, said the latest big earnings stem from more than the big gains Wall Street enjoyed in 2025.
“Markets certainly have been strong, but a lot of this is about our overall asset allocation,” said Russell, who updated the Investment Advisory Council Tuesday on the state’s portfolio. “The progress we’ve been making … is a good sign that we’re set up for future success.”
Russell also reported investment gains of 10.3% for the 2024 calendar year and 12.8% for 2023.
State officials particularly have focused on improving investment returns since a May 2023 report from Yale University researchers found Connecticut’s results badly lagged the nation’s over the prior decade.
That only compounded an even larger pension problem that state officials began to address in the early 2010s. According to the Center for Retirement Research at Boston College, Connecticut governors and legislatures failed to save adequate for pension benefits for more than seven decades prior to 2011. This deprived the state treasurer of huge assets that otherwise could have been invested to generate billions of dollars in revenue over those seven decades.
The treasurer’s office under Russell has put more funds into private and domestic markets and curbed reliance on investment managers who receive large fees for their work.
Gov. Ned Lamont and the General Assembly also have greatly assisted efforts to bolster the fiscal health of pension programs in recent years. Since 2020, they have used $10 billion from budget surpluses to make supplemental payments into pensions for state employees and municipal teachers. That’s in addition to annual required payments that currently approach $3.3 billion in the General Fund.
“These returns highlight the impressive work of Treasurer Russell and his team in increasing investment returns,” Lamont’s budget spokesman, Chris Collibee, said Tuesday. “Gov. Lamont’s focus has been on building a sustainable Connecticut for the future. Every dollar in additional investment revenue is funds the state can use to cut taxes and provide more resources for essential programs like education, child care, housing, and social services safety nets.”
Russell, a New Haven Democrat, said he has tried to make the office both “disciplined and forward-looking.”
“Over the last several years, we haven’t just changed how the office works, we’ve changed who it works for. We’re ushering in a new era of fiscal responsibility, making significant payments on long-term debt that has allowed us to invest in the residents of Connecticut and begin to lift up communities across our state.”
Russell also brokered a key compromise in 2023 between Lamont and the legislature that salvaged the Baby Bonds program, an initiative that invests long-term funds in Connecticut’s poorest children when they’re born to help finance educational and business opportunities later in life.
Keith M. Phaneuf is a reporter for The Connecticut Mirror (https://ctmirror.org). Copyright 2026 © The Connecticut Mirror.
Connecticut
Connecticut Sun hold off Portland Fire on Camp Day at Mohegan Sun Arena
UNCASVILLE, Conn. (WTNH) — Aaliyah Edwards came off the bench to score a game-high 21 points as the Connecticut Sun defeated the Portland Fire, 90-87, during Camp Day on Tuesday morning at Mohegan Sun Arena.
Thousands of kids were in attendance to watch the Sun hold on to a fourth-quarter lead as the Fire attempted to rally. Connecticut led by 10 at halftime and saw its lead cut to one in the final period.
Brittney Griner added 20 points for the Sun, who ended their three-game homestand with a victory. Olivia Nelson-Ododa went 8-for-8 from the foul line en route to 16 points and Leila Lacan chipped in 14.
Carla Leite led the Fire with 18 points.
The Sun visit Phoenix on Friday for the first of two games with the Mercury.
Connecticut
Why Connecticut’s flag is blue and what its symbols stand for
Florida’s tallest flag pole raises new Stars and Stripes on Independence Day
Florida’s tallest free-standing American flagpole now stands 250 feet tall at Bernice Braden Park in Cape Coral
You might have seen Connecticut’s state flag in government buildings and schools and wondered what the meaning was behind its design.
Adopted by the General Assembly in 1897, the Flag of Connecticut features a navy blue background with a white shield. Three grapevines with purple grapes are on the shield and oak leaves and acorns can be found on the shield’s edge.
Below the shield is a banner which features the phrase “Qui Transtulit Sustinet” written in Latin. According to ConnecticutHistory.org, that phrase translates to “He who transplanted still sustains,” which honors the colonists who moved to the state from England.
Per Encyclopedia Britannica, the three grapevines have two competing interpretations: they represent either the three oldest settlements in the state (Hartford, Wethersfield and Windsor) or the three colonies that merged to form Connecticut (Connecticut Colony, Saybrook Colony and New Haven Colony).
Why is the Connecticut flag blue?
According to ConnecticutHistory.org, the blue comes from Connecticut’s Civil War military flags. During the Civil War, Connecticut regiments had flags featuring blue backgrounds. ConnecticutHistory.org reports that when the legislature adopted an official flag in 1897, they kept the color that military tradition had already established.
Origins of Connecticut’s state flag
Per ConnecticutHistory.org, Connecticut did not have an official state flag until 1897. The site reports that in 1895, the Anna Warner Bailey Chapter of the Daughters of the American Revolution in Groton pushed for an official flag to display in their new meeting room.
Governor Owen Vincent Coffin introduced a bill on May 29, 1895, which ConnecticutHistory.org says caused the legislature to subsequently form a committee. After several designs were submitted, the Connecticut General Assembly adopted the flag in 1897.
Connecticut’s coat of arms, which includes the shield, grapevines and banner featured on the state flag, was not formally standardized until 1931, according to USASymbol.com. The website also says color standards for the flag came in 1956, when the Secretary of the State’s office developed uniform specifications.
Connecticut
HBO casting in CT for neighbor dispute docuseries
A hit HBO documentary series is looking to Connecticut for stories to feature in its second season.
The show “Neighbors” follows on-going neighbor disputes across the country. The goal of the show is to help neighbors reach a resolution, according to the show’s casting director and executive producer Harleigh Shaw.
“Each story we explore, we spend extensive time with neighbors on both sides to really understand the full context beyond the disputes,” Shaw said.
Producers wanted to share stories in the second season that were based in states that weren’t featured earlier this year in the first season, including Connecticut, Shaw said.
“A lot of the things that we’re most interested in are things that may seem small, but become a bigger issue between the neighbors,” Shaw said. “Anything from disagreements over gardening practices to property lines to noise to dock issues, if it’s a waterfront property. A whole myriad of things. We’re really open to anything.”
However, the show does avoid situations that are violent or dangerous.
Residents from Connecticut looking to participate should be open to third party conflict resolution, according to Shaw.
“Some of the ways that we did that were through mediation,” Shaw said. “That’s a huge one. But there are other things in terms of resources we’d be open to help the neighbors to like help work through the issues.”
Filming will take place throughout the summer and is expected to be completed by the end of September.
The show’s production team is located in New York City and Los Angeles.
“Connecticut has always been really interesting because it’s just a short trip away, and we’re just curious to explore the types of neighbor dynamics that are going on there,” Shaw said.
Connecticut residents who are interested in being on “Neighbors,” can apply at helloneighbortv.com and are encouraged to submit information about themselves as well as their neighbor dispute.
“The neighbor disputes are the entry point for this show, but we’re always also just very interested in inspiring amazing people doing cool stuff,” Shaw said.
“Neighbors” premiered in February and was quickly renewed. The show averages about 3 million viewers per episode.
The show features stories that make viewers laugh and cringe, according to HBO Programming’s Executive Vice President Nina Rosenstein.
“At a time when even the smallest disagreements can spiral out of control, ‘Neighbors’ feels both hilariously absurd and surprisingly relatable,” Rosenstein said. “What makes the show special isn’t just the stories and people they find, but the empathy and humanity they bring to each episode.”
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