Retired Teachers of Connecticut Pension and Health Insurance Crisis
Health Insurance Premium Account Facts (HIPA) 1989 – 1990 – Insurance costs – 75% paid by HIPA and 25% paid by State, no cost to retiree (Cost $86) 1996 – Solvency of Health Plan in trouble (Due to increased insurance costs and more retirees) 2000 – 25% of insurance costs shifted to the retiree 2003…
