Gov. Malloy: State's long-term debt for teachers' pensions cut by $325 million over the last two years

(HARTFORD, CT) – Governor Dannel P. Malloy today announced that the state’s long-term debt for teachers’ pensions was cut by $325 million over the last two years, according to a newly released report from Connecticut Teachers’ Retirement Board.

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Are you up-to-date on the Social Security Fairness Act?

1/3 of all teachers risk being penalized by GPO and WEP in retirement, losing some or all the Social Security benefits for which they or their spouse paid the required Social Security taxes.

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Teacher's Pension Fund Begins Recovery

The teachers’ pension fund – which has been one of the state’s fastest growing expenses in recent years – will not cost the state quite as much next year. Independent financial experts informed the state this week that its required contribution for the upcoming fiscal year will decrease by $8.5 million. It’s the first time the state’s required contribution will decrease since Connecticut borrowed $2 billion in 2008 to help shore up the troubled fund and promised investors it would contribute annually the full amount recommended by analysts.

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What we do

Legislators in Hartford can take away your benefits with a late night vote. Join us and protect the benefits that you earned. * ARTC's lobbyist tracks ALL bills that affect retired teachers. * We lobby and educate our state representatives and senators about the issues that are important to us. * We keep you informed, so you know the status of your health insurance coverage and pension