Newsletter — November 2019

On October 23rd, two hundred and twenty eight SFCRTA members attended a breakfast and listened to Connecticut Attorney General William Tong speak about collusion in the drug industry, specifically in reference to generic drugs. Here are some of his key points: Nearly 90 percent of all prescriptions filled are generic drugs, intended to be an…

Newsletter – September 2019

NEW HEALTH INSURANCE INFORMATION RELEASED BY THE TRB Premium Comparison High Level Summary of Plan Differences ∗ Medicare Part B deductible subject to change per Medicare Changes in Plans for 2020 (full plan description to be mailed by carriers) Anthem Medicare Advantage: $10 Office Visit $200 per admission Inpatient Hospital Copay Anthem Medicare Supplement: $10…

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…

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…