Tag Archive: Connecticut Treasurer Credits Trump’s Election with Rise in State Pension Fund

Connecticut Treasurer Credits Trump’s Election with Rise in State Pension Fund

by Dr. Susan Berry The treasurer of Connecticut is crediting President Donald Trump’s election with the 13.43 percent net return on the state’s pension fund. “Connecticut’s pension funds have certainly benefited from the bullish equity markets since President Trump was elected,” said Democrat Denise Nappier, according to the Journal Inquirer. “Driven largely by expectation of favorable tax policies, deregulation, and increased spending on infrastructure,” she said the fund has “generated very strong results, both for the one-year period ending Jan. 31, 2017, and for calendar year 2016.” Nappier reportedly attributes the growth this year to lower unemployment rates, a more… View Article