Governor  Dannel P. Malloy
 

The Newsroom

Selected Correspondence

April 10, 2017
Letter from institutional investors, including Assistant Treasurer Mary Phil Guinan, to Tesla Inc., requesting a meeting "to discuss areas in which Tesla's corporate governance may be strengthened." 

February 27. 2017
Letter to Senator Patrick Leahy and the Connecticut Congressional delegation expressing concerns with Judge Neil M. Gorsuch's record concerning the Private Securities Litigation Reform Act

February 21. 2017
Letter from institutional investors, includng Treasurer Nappier, to Texas Gov. Greg Abbott and other Texas elected officials, opposing Texas Senate Bill 6 and any other legislation "that is hostile to LGBT people."  "Discriminatory legislation such as SB6 is bad for Texas businesses and investors in those businesses," the letter stated.

February 17. 2017
Letter to Senators Blumenthal and Murphy, urging a "no" vote on House Joint Resolutions 66 and 67, repealing a U.S. Department of Labor regulation regarding state-administered retirement programs for private sector workers

January 31, 2017
Letter to Legislative Leadership Concerning Agreement on Funding of State Employees' Pensions Between the State of Connecticut and the State Employees' Bargaining Agent Coalition

December 30, 2016
Letter from institutional investors, including the Office of the Connecticut State Treasurer, to the U.S. Environmental Protection Agency and the U.S. Department of Transportation, expressing support for EPA's proposed determination that 2022-2025 model year light-duty vehicle Greenhouse Gas Emissions standards remain appropriate         (January 6, 2017 updated letter)

November 17, 2016
Letter from business and investor community, including Connecticut Retirement Plans and Trust Funds, to President-Elect Trump, President Obama, members of the U.S. Congress and Global Leaders at Conference of the Parties (COP) 22, affirming commitment to addressing climate change through the implementation of the Paris Climate Agreement 

October 19, 2016
Letter to the Connecticut Congressional delegation -- U.S. Senators Richard Blumenthal and Christopher Murphy and U.S. Reps. John Larson, Joe Courtney, Rosa DeLauro, James Hines and Elizabeth Esty -- raising concerns about proposed legislation that would tighten regulation of proxy advisory firms to the detriment of the Connecticut Retirement Plans and Trust Funds

September 26, 2016
Statement by investors, including Treasurer Nappier, calling for repeal of North Carolina's House Bill 2, saying "Not only does the bill invalidate the human rights of individuals across the state, but it also has troubling financial implications for the investment climate in North Carolina."  (Press Release)

September 6, 2016
Letter from the Council of Institutional Investors, co-signed by 30 members, including Treasurer Nappier, to the U.S. Senate's Committee on Banking, Housing and Urban Affairs, raising concerns about proposed legislation that would tighten regulation of proxy advisory firms to the detriment of pension funds and other institutional investors

August 24, 2016
Letter from 130 institutional investors, including the Connecticut Retirement Plans and Trust Funds, urging the G20 heads of state to ratify the Paris Climate Agreement in 2016 and calling on their nations to double investment in clean energy, tighten climate disclosure mandates, develop carbon pricing, and phase out fossil fuel subsidies

August 3, 2016
Letter to The Norwich Bulletin commenting on why bond premiums are issued and how they are used; "There are better ways to use bond premiums," writes Treasurer Nappier

July 22, 2016
Letter to the U.S. Securities and Exchange Commission, the Office of the Comptroller of the Currency and other federal agencies concerning "Incentive-based Compensation Arrangements," supporting a comprehensive solution to the regulation of excessive executive compensation

July 20, 2016
Letter to the U.S. Securities and Exchange Commission commenting on "Business and Financial Disclosure Required by Regulation S-K," with a focus on substantive enhancements in disclosures regarding sustainability and public policy issues

July 20, 2016
Letter from Treasurer Nappier and other asset owners and managers to the U.S. Securities and Exchange Commission commenting on "Business and Financial Disclosure Required by Regulation S-K," urging the SEC to improve reporting of material sustainability risks in issuers' filings

June 21, 2016
Letter from investors, including Treasurer Nappier, to the U.S. Securities and Exchange Commission, requesting that the Commission focus on climate change and carbon asset risk as material issues and take steps to improve disclosure by registrants on how these issues are impacting their businesses

May 3, 2016
Letter to Bridgeport Mayor Joseph Ganim and Legislative Leadership Concerning Bridgeport's Proposal To Modify Contributions to the Municipal Employees' Retirement System 

May 3, 2016
Letter to Legislative Leadership Raising Concerns About the Sweep of Funds from the Connecticut Green Bank

April 21, 2016
Letter to the editor in response to The Journal Inquirer editorial concerning hedge fund investments

February 12, 2016
Letter to Moody's Investor Service commenting on the rating agency's proposed approach and methodology for Green Bonds assessment

October 6, 2015
Letter to The Wall Street Journal  in response to article about the State's ability to meet its pension obligations, attractiveness of State bonds, and investment performance

October 1, 2015
Letter from investors, who are members of the Investor Network on Climate Risk, including Treasurer Nappier, to the U.S. Environmental Protection Agency and the U.S. Department of Transportation concerning greenhouse gas emissions and fuel efficiency standards for medium- and heavy-duty engines and vehicles

August 28, 2015
Investors, including Treasurer Nappier, ask corporate supporters of the U.S. Chamber of Commerce to oppose the organization's efforts to thwart the Environmental Protection Agency's Clean Power Plan     Sample Letter     List of Companies Receiving Letter

July 21, 2015
Letter to the Board of Governors of the Federal Reserve System concerning a proposed rule allowing banks to hold certain municipal securities in their portfolios as eligible liquid assets

July 2, 2015
"State's Investment Decisions": Letter to Journal Inquirer in response to editorial about pension fund's investment in Tenet Healthcare

May 25, 2015
Letter from Treasurer Nappier and other institutional investors managing funds valued at more than $12 trillion to the finance ministers in the Group of 7, urging them to support the inclusion of a long-term emissions reduction goal in the international climate agreement due to be finalized in Paris, France, in December 2015

urging them to support the inclusion of a long-term emissions reduction goal in the international climate agreement due to be sealed in Paris in December. - See more at: http://www.iigcc.org/publications/publication/open-letter-to-finance-ministers-in-the-group-of-seven-g-7#sthash.ywuft3pQ.dpuf
urging them to support the inclusion of a long-term emissions reduction goal in the international climate agreement due to be sealed in Paris in December. - See more at: http://www.iigcc.org/publications/publication/open-letter-to-finance-ministers-in-the-group-of-seven-g-7#sthash.ywuft3pQ.dpuf

April 29, 2015
Letter from Treasurer Nappier to General Assembly on Two Issues: Enactment of Legislation on Bond Premiums and Fixing a Shortfall in the Debt Service Budget    w/Fact Sheet

March 31, 2015
Letter from Treasurer Nappier and other institutional investors calling on the U.S. Securities and Exchange Commission to strengthen the disclosure of corporate board gender, race and ethnic diversity

March 16, 2015
Letter to Bloomberg News concerning article with misleading comparison between Connecticut and Massachusetts debt offerings

February 27, 2015
Letter to U.S. Senators Richard Blumenthal and Chris Murphy Supporting Senate Bill To Improve 529 College Savings Plans 

February 20, 2015
Letter to Governor Dannel P. Malloy concerning debt service expenditures in his proposed FY 2016/2017 State Budget

December 10, 2014
Letter to The Hartford Courant:  "Nothing Deceptive About State Bond Premiums"

September 18, 2014
Institutional Investors, Including Connecticut Retirement Plans and Trust Funds,  Issue 2014 Global Investor Statement on Climate Change,  In Which They Call for Carbon Pricing, Global Climate Deal

August 27, 2014
Letter to the Government Accounting Standards Board Concerning Accounting and Financial Reporting for Post-Employment Benefits Other than Pensions

June 2, 2014
Letter to President Barack Obama from Treasurer Nappier and other institutional investors supporting the creation of carbon pollution standards for new and existing power plants and applauding the Environmental Protection Agency for proposing rules that would reduce the impact of climate change and boost the burgeoning  clean energy economy

April 28, 2014
Letter from Treasurer Nappier and other institutional investors to the U.S. Securities and Exchange Commission supporting rules to improve transparency and governance in the extractives sector, which includes the oil, gas and mining industries

April 28, 2014
Letter from the State Treasurer's Office and other institutional investors to the U.S. Securities and Exchange Commission concerning rules promoting efficient capital markets by providing investors in the extractives sector with valuable factual information on risk profiles and company performance

March 17, 2014
Letter to Public Accounting Oversight Board concerning transparency of auditing services

February 14, 2014
Response to The Journal Inquirer editorial concerning pension fund investment return- Revised 02/28/14

January 31, 2014
Letter to the Office of the Comptroller of the Currency and Federal Reserve System concerning municipal securities and whether large banks may hold these securities in their portfolios as eligible liquid assets

December 3, 2013
Letter to The Wilton Daily Voice in response to State Rep. Gail Lavielle's letter concerning bonding decisions

December 2, 2013
Letter to the U.S. Securities and Exchange Commission concerning pay ratio disclosure

September 20, 2013
Letter to President Barack Obama from Treasurer Nappier and other institutional investors supporting a national Carbon Pollution Standard for new power plants

September 17, 2013
Letter to the U.S. Securities and Exchange Commission concerning the regulation of money market funds

June 6, 2013
Letter to the Tribune Company Board concerning the sale of The Hartford Courant

May 28, 2013
Statement on the potential sale of the Tribune Company in response to inquiry from The Journal Inquirer

May 16, 2013
Joint investor statement regarding tragedies in the apparel manufacturing sector in Bangladesh

May 2, 2013
Letter to Congressional Delegation supporting the Savings Enhancement for Education in College Act

April 15, 2013
Letter from the National Association of State Treasurers asking Congress not to repeal the municipal bond tax exemption

April 3, 2013
Letter asking Congress not to repeal the tax-exempt status of municipal bonds and recommending deficit reduction idea through elimination of market discount rule

March, 2013
Treasurer Nappier's Letter in Governing Magazine: Pension Obligation Bonds

October 24, 2012
Letter of support from the Investor Network for Climate Risk supporting the extension of the Production Tax Credit for wind energy

September 21, 2012
Letter to Moody's Investor Service concerning Adjustments to U.S., State and Local Government Reported Pension Data

August 29, 2012
“Connecticut Funds Weathered Fiscal Storms”: Response to The Waterbury Republican-American editorial “Deceptive Percentages”

June 28, 2012
Thirty Percent Coalition urges S & P 500 companies to add women to their boards

June 21, 2012
Response to The Journal Inquirer editorial concerning the signing of SB 29, expanding bonding authority

April 30, 2012
Letter to the U.S. Securities and Exchange Commission, Office of the Comptroller of the Currency, Federal Reserve and Federal Deposit Insurance Corporation concerning the "Volcker Rule" to implement Section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act

March 16, 2012
Comments to the Government Accounting Standards Board (GASB) on “Preliminary Views Project – Economic Condition Reporting: Financial Projections”

January 23, 2012
Letter to The Daily Greenwich Editor concerning interfund transfers

January 10, 2012
Letter to the NorwalkPlus.com Editor concerning interfund transfers

February 22, 2011
Letter to the U.S. Securities and Exchange Commission concerning the proposal to include board members of quasi-public and other governmental agencies as Municipal Advisors

November 30, 2010
Letter to Governor M. Jodi Rell concerning the timing of the sale of Economic Recovery Revenue Bonds

November 18, 2010
Comments to the U.S. Securities and Exchange Commission concerning implementation of “Say on Pay”

November 15, 2010
Comments to the U.S. Securities and Exchange Commission on implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act

October 18, 2010
Comments to the U.S. Securities and Exchange Commission concerning the Commisison’s “Concept Release” on the U.S. Proxy System

September 13, 2010
Comments to the U.S.Treasury on its proposed financial education core competencies

September 7, 2010
Letter to Governor M. Jodi Rell concerning the State's Post-Employment Benefits Commission

August 19, 2010
Media Advisory and Letter to Governor M. Jodi Rell addressing misconceptions about the state’s cash management policies

August 13, 2010
Letter to the State Bond Commission concerning the timing of the sale of General Obligation bonds.

March 8, 2010
Letter to the U.S. Senate Committee on Banking, Housing and Urban Affairs recommending a single credit rating scale for all types of debt

March 4, 2010
Letter to Congressional Leadership concerning interest rate subsidies for school bonds in Jobs Bill

March 3, 2010
Investor Network on Climate Risk Press Release - In Letter, Investors Managing $2.1 Trillion in Assets Praise U.S. Securities and Exchange Commission for Climate Disclosure

February 23, 2010
Letter to the U.S. Senate Committee on Banking, Housing, and Urban Affairs concerning corporate governance provisions in Senate finance legislation on financial reform

January 27, 2010
Letter to the U.S. Securities and Exchange Commission concerning the Municipal Securities Rulemaking Board’s Electronic Municipal Market Access system

January 19, 2010
Supplemental Comments to the U.S. Securities and Exchange Commission on the proposed rule to facilitate director nominations

November 18, 2009
Letter to The Hon. Christopher Dodd, Chairman, Senate Committee on Banking, Housing, and Urban Affairs, concerning corporate governance provisions in Senate finance legislation on financial reform

September 15, 2009
Comments to the U.S. Securities and Exchange Commission on proxy disclosure

September 17, 2009
Investor Statement by the Investor Network on Climate Risk on the urgent need for a global agreement on climate change (signed by, among others, State Treasurer Denise L. Nappier)

September 10, 2009
Letter to the U.S. Securities and Exchange Commission concerning political contributions by certain investment advisors

September 8, 2009
Letter to the U.S. Securities and Exchange Commission concerning transparency and disclosure in the Municipal Securities Market

September 2, 2009
Letter to United Technologies Corp. in support of retaining UTC Connecticut jobs (Revised)

September 1, 2009
National Association of State Treasurers' Resolution to Endorse the Principles of Financial Regulation Reform

August 20, 2009
Letter to the U.S. Securities and Exchange Commission Concerning the Municipal Securities Rulemaking Board proposal on disclosure

August 17, 2009
Letter to the U,S, Securities and Exchange Commission concerning shareholder proxy access

August 13, 2009
Letter to Governor M. Jodi Rell and the General Assembly Leadership concerning the potential implications of delayed passage of a budget on the State’s credit rating

July 28, 2009
Federal Deposit Insurance Corporation Comment: Amendment of the Temporary Liquidity Guarantee Programs to Extend the Transaction Account Guarantee Program with Modified Fee Structure

July 20, 2009
Letter to U.S. Secretary of the Treasury Timothy Geithner concerning inclusion of key corporate governance reforms as part of federal financial regulatory reform legislation

July 17, 2009
Letter to U.S. Representative Barney Frank, Chairman of the House Committee on Financial Services, concerning federal regulatory reform and corporate governance

April 7, 2009
Letter to the U.S. Securities and Exchange Commission concerning adoption of the Principles of Federal Regulation Reform

April 3, 2009
Letter to the Editor of The Harford Courant: No Endorsement To Use Client Fund

March 31, 2009
Letter to the federal trustees of AIG concerning holding the AIG Board of Directors accountable for poor decision making on executive compensation matters

March 7, 2009
Principles of Financial Regulation Reform

January 20, 2009
Letter to the Editor of The Middletown Press conerning unfunded pension liabilities

December 8, 2008
Investor Letter to U.S. Congressional Leadership concerning federal financial support to the automobile industry

October 1, 2008
Letter to the Connecticut Congressional Delegation urging closure of loophole in provisions for limiting executive compensation

September 22, 2008
Letter to the U.S. Securities and Exchange Commission concerning amendments to Municipal Securities Disclosure

September 4, 2008
Letter to the U.S. Securities and Exchange Commission concerning proposals to eliminate Nationally Recognized Statistical Rating Organizations in its regulations

September 4, 2008
Letter to Fitch Ratings offering comments on its reassessment of its municipal ratings framework

July 25, 2008
Letter to the U.S. Securities and Exchange Commission commenting on its proposed rules for Nationally Recognized Statistical Rating Organizations

July 17, 2008
Letter To Short-Term Investment Fund investors regarding Cheyne Finance restructuring

December 14, 2007
Letter to Investors and Connecticut Citizens regarding Citigroup Decision to support structured investment vehicles (SIVs)

October 23, 2006
Letter to Corporations’ Compensation Committee Chairs requesting information on compensation consultants and calling on them to adopt policies to prevent the consultants from working for both management and the board
      Press Release: Investors Call for Disclosure of Executive Compensation Consultant Work; Cite Potential Conflict of Interest That Could Lead to Higher CEO Pay

August 15, 2006
Letter to H&R Block requesting a meeting to discuss governance issues and certain of its product line
     Press Release: H&R Block Agrees to Meet with Institutional Investors to Answer Concerns Regarding Questionable Refund Anticipation Loan Practices

June 14, 2006
In a letter, U.S. and European institutional investors call on the U.S. Securities and Exchange Commission to require corporate disclosure on financial risks of climate change
     [Text of Letter]     [Supplemental Memorandum]

April 11, 2006
Open Letter to Corporate Board Compensation Committee Members
     Press Release: Treasurer Nappier Urges Compensation Committee Members to Prepare Now for SEC Rules on Executive Compensation Disclosure
     Letter to the U.S. Securities and Exchange Commission concerning the new rules on executive compensation disclosure

July 6, 2004
Letter to the Editor of The Wall Street Journal concerning the Forstmann Little verdict that the company had breached two contracts