Teacher Pension Tax Exclusion Law

Good legislative news! Connecticut has a budget. As of this writing, the Legislature and the Governor have made no changes in the Teacher Pension Tax Exclusion Law of 10% exclusion in 2015, 25% exclusion in 2016, and 50% exclusion in 2017. ARTC lobbying efforts and member response to ARTC’s “Urgent Action” request made a difference in Hartford. Reminding Legislators that the Tax Exclusion Law addresses an unfair taxation on retired teachers and explaining why it was an economically sound move made a difference. ARTC thanks the Legislators and the Governor for their understanding and support. Cathy D’Agostino and Sandra Bove