2016 TRB plan and Changes to Medicare

SFCRTA Meeting Summary of Jamie Stirling’s Comments Oct 23, 2016 Norwalk Motor Inn 2016 TRB plan and Changes to Medicare Health Insurance Premium Account-Currently, the funding from the State budget for 2016 is at 25% (originally was to be 33 1/3%). Active teachers account pay 1.25% of their salary to this account, retired teachers pay…

Pension Tax

Good Legislative News!! We have heard from our representative that the 10 percent state tax exclusion on our pension, approved by the Legislature, remains in effect for 2015.  It survived the Implementers and is now part of the 2015 budget.  The 25 percent state tax exclusion for 2016 and the 50 percent exclusion for 2017…

The latest on your Social Security offset

Senator Sherrod Brown (D-Ohio) has introduced a new bill, S.1651, that would repeal both the GPO and the WEP. This bill will be a companion to Rodney Davis’ House bill, HR 973. We are delighted to see this! We have been waiting for this bill for months. We want to thank him and the other…

Teachers Retirement Board Letter

Dear TRB Health Plan Member: The Teachers’ Retirement Board (TRB) changed our prescription plan and our Pharmacy Benefit Manager January 1, 2015.  If you have claims from 2014 that you purchased at an out of network pharmacy and have not previously submitted them for reimbursement, you need to submit your claim with Caremark immediately to…