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…
DetailsNorwalk 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…
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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…
DetailsFact 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…
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