Teachers' Retirement Board

Educators to Lawmakers: "Our Students Can't Wait"

Legislators today convened in Hartford to restore funds cut in last fall's compromise budget package for a program serving low-income senior citizens and people with disabilities. Their fix, however, relies on "savings" from decreased state contributions to the Teachers Retirement System (TRS); an occupational tax imposed on Connecticut educators. At the same time, the budget's failure to fully fund public schools, coupled with additional cuts proposed by the governor to mitigate ongoing shortfalls, threaten to shortchange students' futures.
 

Resisting Discriminatory Policies Targeting Teachers

Union members' advocacy over the past six weeks succeeded in blocking several proposed budgetary policies threatening harm to students in schools across the state. Still, the compromise package passed last week by lawmakers contains two provisions unfairly singling out Connecticut's hard-working educators. To reverse the damage in 2018, teachers will need to double-down on both member and political engagement during what will be a critical year to be "all in."
 

Fight for a Fair State Budget Moves Forward

Following intense pressure to reject a damaging state budget narrowly adopted by lawmakers two weeks earlier, the governor on Thursday vetoed the toxic fiscal package produced by Republican legislative leadership. The action came after unions joined advocates for demonstrations and speak-outs across the state demanding better choices than failed and painful austerity policies. Our members played a vital role, turning up their efforts following a telephone town hall last weekend where the focus was on planning our next steps.
 

Defending Retirees from Predatory Wall Street Fees​​

A new report reveals billions in potential savings if pensions slashed fees paid to hedge fund managers who invest in risky "alternative" assets such as private equity. The research, completed by our national union, for the first time quantifies the massive wealth transfer that has placed Americans' retirement security in peril. The findings are particularly important to understanding and resolving the mounting fiscal crises on states' balance sheets — the costs of which are ultimately being borne by taxpayers.
 
Click here for the full report.
 

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. 
 
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