Health Insurance Premium Account Facts (HIPA) 1989 – 1990 – Insurance costs – 75% paid by HIPA and 25% paid by State, no cost to retiree (Cost $86) 1996 – Solvency of Health Plan in trouble (Due to increased insurance costs and more retirees) 2000 – 25% of insurance costs shifted to the retiree 2003…
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…
CLICK HERE to view the previous entry to read how retired teachers are impacted by the latest insurance crisis…. and how YOU can help!!! But you need to ACT NOW!!!!! Subject: Retired Teacher Insurance Crisis Keep the State’s promise and not let the Retired Teacher Health Insurance Fund become insolvent. The TRB’s insurance consultant…
1.) I am hearing that the TRB medical plan is changing. Is it true and why is this happening? Yes, there will be changes effective July 1, 2018. But you will not need to make any decision until the last week in April, so you have sufficient time to explore your options. This change is…
The retired teachers’ health care account is in a shambles. The TRB has changed the fund to a Medicare advantage plan because the State has underfunded the account by almost $200 million over the last 8 years. The TRB is estimating that there will be an $8 million shortfall in the health fund budget already…