CLICK HERE to view the previous entry to read how retired teachers are impacted by the latest insurance crisis…. and how YOU can help!!! But you need to ACT NOW!!!!!
Subject: Retired Teacher Insurance Crisis
Keep the State’s promise and not let the Retired Teacher Health Insurance Fund become insolvent. The TRB’s insurance consultant predicts it will be bankrupt before the end of this year.
- Teachers paid into the fund all their working years in order to lower insurance costs during retirement years. Active teachers continue to contribute 1.25% of their pay into the fund.
- Retired teachers pay all their Medicare premiums and the bulk of their supplemental costs.
- The State failed to contribute its promised 33⅓% contribution over the years. Because the State has short funded the Health Fund by well over $192 million over the last few years, the TRB was forced into a Medicare Advantage Plan. This is a temporary fix with many unknowns.
- State funding is flat for the biennium budget. In order to maintain the fund, the State will need to contribute 28 million dollars into the fund.
“Will you support retired teachers and vote to maintain the solvency of my Health Insurance Fund?”
Session ends on May 9; Contact Your Legislator NOW
You can copy and paste any of the above information into an email message, or use it in a phone message or letter.
HERE IS A LIST OF STATE OFFICIALS THAT YOU SHOULD CONTACT WITH YOUR EMAILS, LETTERS OR TELEPHONE CALLS:
Gov. Dannel Malloy
Senate President Pro Tempore Martin M. Looney
Senate Majority Leader Bob Duff
State Republican President Pro Tempore Leonard Fasano
Speaker of the House Joe Aresimowicz
House Minority Leader Themis Klarides