Happy Winter Social Security Fairness At the time this issue is being written, we do not know the outcome of the efforts to repeal the unfair WEP and GPO provisions that penalize many public employees across the country by reducing or eliminating benefits. The intense efforts of Reps. Graves and Spanberger brought HR82 to the…
Please see the important note below from the Association of Retired Teachers of Connecticut. Dear Retirees, We are sending this out again because some people have said they did not receive the first email. Please forward this to any retired educator you know. The Association of Retired Teachers of Connecticut is now at a critical…
TRB Information CORE-CT The Teachers’ Retirement Board staff continues a project to migrate everything to a new cloud-based management system the State has adopted. CORE CT is Connecticut state government’s integrated human resources, payroll, and financial system that will replace the more than twenty-year-old system the TRB has been using. It produces the monthly pension…
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…