Connecticut has allocated approximately $10 billion toward fulfilling its pension obligations over the past five years, according to two reports released on Wednesday.

The state pension funds for retired teachers and state workers grew by $2.3 billion this year, due to strong investment performance and the billions of dollars in state contributions, said state Treasurer Erick Russell.

“What we’ve seen is not only an impact on the pension fund, but we’ve seen numerous credit rating upgrades here in the state,” Russell said.

The pension obligations are now nearly two-thirds funded, up from less than a third a decade ago, said state Comptroller Sean Scanlon.

“ What that really, really means is that $857 million of new money underneath the spending cap is available for the governor and th

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