Retirement Security

Newly Established Teacher Retiree Healthcare Trust Gets Off the Ground

Hartford - Leaders of Connecticut's teachers' unions are applauding the new trust established in September by the Teachers' Retirement Board (TRB) to better protect and sustain beneficiaries' healthcare over the long term. The board last month voted unanimously to establish the legal structure after receiving approval from the Office of the State Attorney General. 
 

"Pensionomics 2014:" Retirement Security is Good for the Economy

A new economic analysis from the National Institute on Retirement Security (NIRS) finds that defined benefit (DB) pensions have a significant impact: 6.2 million American jobs and $943 billion in economic output. In Connecticut alone, the study finds that each taxpayer dollar invested in state and local plans supports $3.99 in total economic activity -- an overall economic impact of $6.6 billion.
 
Click here for a two-page summary of the study's key findings for Connecticut.
 

Comments on Governor Malloy's Proposed Tax Cuts for Retired Teachers

Stephen McKeever, first vice-president of AFT Connecticut, made the following remarks on the plan announced today by Governor Dannel P. Malloy to phase-in over a two-year period an exemption of 50% of teachers' pensions from state income taxes:
 
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