Newsletter — July 2019

WHERE RETIRED TEACHERS STAND IN THE NEW CONNECTICUT BUDGET The legislature has passed a plan proposed by Governor Ned Lamont and Treasurer Shawn Wooden to shore up the critically underfunded teachers’ pension system. The bond covenant will be completely honored but payments will be spread out until 2049 instead of 2032. The plan also includes…

Newsletter — March 2019

RETIRED TEACHERS’ PENSION & HEALTH INSURANCE FUND Governor Lamont’s budget proposal made it an urgent priority to stabilize the teachers’ pension fund. He noted: “It has been badly underfunded and doesn’t keep faith with our current teachers.” His budget also contributes the State’s full-required appropriation to the Retired Teachers’ Health Insurance Fund. The under funding…

2019 Spring Luncheon — Wednesday, May 1

Norwalk Inn East Avenue, Norwalk, CT Guest Speaker – Helen Sullivan Administrator – Teacher Retirement Board 10:00 a.m.-10:30 a.m.     Meet and Greet 10:30 a.m. – 11:00 p.m. Business Meeting   11:00 Speaker Luncheon to follow $35.00 per person/Cash Bar Please RSVP by April 17 to Mrs. Esther Flynn, 27 Kendall Ct, Norwalk, CT 06850 Space is…

Newsletter — February 2019

Fact vs. Fiction: The Reality of Retired Teachers’ Pension and Health Benefits (A summary of an Op-ed. piece written by ARTC President Ed Messina with some additional points.) A main priority for ARTC is to dispel popular myths about retired teacher benefits. Active Connecticut teachers pay 9.7% of their paycheck:7% to Teachers’ Retirement Fund, 1.25% to…