Governor Malloy has proposed an overhaul of the State Pension System. The concern is that the State will have to contribute a staggering 1.5 billion to the State Employees Pension Fund this year alone. The State Employees Bargaining Agent Coalition’s attorney has stated that any change to the state employees pension is a matter for…
Holiday Lunch 2015
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…
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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…