Newsletter – July 2022

Happy Summer! Money Matters COLA You may have heard of other retirement systems that are defined by tiers that delineate many aspects of a retiree’s benefits. While our system is not like this, it turns out that a Teachers’ Retirement System member’s cost of living adjustment (COLA) benefit is determined by a tier that includes…

Income Tax Deductions for Retirement Income

Income Tax Deductions for Retirement Income

Issue   Briefly explain the state tax deductions for Social Security, pension and annuity, and individual retirement account (IRA) income. This report updates OLR Report 2021-R-0168.   Social Security Income  By law, Connecticut exempts from its income tax (1) Social Security income the federal government exempts from the federal income tax and (2) depending on a taxpayer’s…

Newsletter - March 2022

Newsletter – March 2022

Correction We have been informed by the TRB that it is NOT a total Open Enrollment.  Only those who which to switch from the UHC Supplement plan to the UHC Advantage plan are eligible to make a change by March 31. Time-Limited Window to Make a Change in Your Insurance Plan before March 31, 2022…

Newsletter — November 2021

Your health insurance to-do list, regardless of which plan you choose, Advantage or Supplement. As of January 1, 2022, we will all have new health insurance coverage with United Health Care (UHC). There are notifications and other steps to take so that all works smoothly for the transition. Here are some suggestions: Notify all of…

Newsletter : September-October 2021

Newsletter : September-October 2021

It is Health Insurance Season Each year in the fall, there is a chance to consider different health plan options and make a decision to stay or change plans.  This year, the decision is based on a new health care provider chosen by the TRB, UnitedHealthcare (UHC).  They will carry our coverage for the next…