Bill > SB00325

This bill requires the Office of Legislative Management to annually solicit proposals from private advisory firms to conduct an independent review of the state's pension fund investments. The review will not only assess the performance of the state's pension funds but also compare their investment performance against pension funds in other states. By mandating this external evaluation, the bill aims to provide transparency and potentially identify opportunities for improving the state's investment strategies for its pension funds. The independent review will help legislators and the public better understand how the state's pension investments are performing relative to comparable funds, which could inform future financial decision-making and ensure responsible management of public employee retirement assets.

Budget and Finance

https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=SB00325&which_year=2025