Connecticut’s pensions had less than half the assets needed to pay its $63.7 billion of pension promises, according to the most recent audited figures. (Photo: Getty)

(Bloomberg) — For Connecticut’s pensions, investment forecasting is the triumph of hope over experience.

The state’s $17 billion teachers pension returned an average of 3.2 percentage point less than its 8.5 percent assumed annual rate of return between fiscal 2001 and 2015, the sixth-widest gap among 112 state retirement funds over the period, according to data compiled by the Center for Retirement Research at Boston College.

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