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…
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…
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…
Happy New Year! What’s new and what’s not Dental Coverage Let’s start with what is not new. Our dental insurance remains with CIGNA. Our dental insurance cards are the same ones we have been using. There is no need to inform your dentist; keep using the card and information you already have for dental…
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…