Connecticut Transfers $1.3B in Excess Revenues to State Pension Funds
The transfer, under the state’s volatility cap program, will add $685.1 million to the employees’ system and $618.9 million to the teachers’ pension fund.
But the stake may be a drag on Q3 results, as its value has plummeted by nearly $2 billion in two months.
Funds are using artificial intelligence tools to automate routine functions where errors are recoverable and human review is routine, NCPERS reports.