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Posts tagged ‘teacher retirement’

Your Advocacy Made the Difference This Legislative Session

The 2019 Connecticut legislative session ended at midnight last night, and, thanks to your advocacy, we were successful at achieving some of our top priorities.

Watch CEA Executive Director Don Williams’ summary of what we accomplished this session.

Safeguarding Teacher Pensions

The General Assembly has passed a fair, responsible state budget that ensures the long-term security of teacher pensions. Read more

Legislators Need to Hear from You: No Cost Shift

Legislators are still considering a proposal to shift the cost of teacher retirement onto cities and towns—and they need to hear from you. If this plan passes there will be less money for our schools, higher property taxes (especially in middle-income towns and Alliance districts), and districts with more experienced teachers will be penalized.

Contact your legislators now and tell them: NO Cost Shift

 

 

Statement from CEA President Jeff Leake on Governor Lamont’s Budget Address

CEA supports sensible ways of assisting the state in its efforts to make up for decades of underfunding teachers’ retirement, including the governor and treasurer’s plan to smooth out the state’s payments to the fund over a longer period of time and lower the investment earning assumption to a more realistic rate. Teachers have consistently paid their fair share into the fund—while the state has not—and teachers had their payments increase nearly 20 percent last year.

However, we oppose any teacher retirement cost shift that transfers millions in costs from the state to our cities and towns, putting additional financial strain on taxpayers and pressure on already tight school budgets. The plan to shift the cost of teacher retirement contributions onto our cities and towns didn’t sit well with Connecticut taxpayers, legislators, and municipalities in 2017—because it placed additional financial burdens on cities and towns and property owners—and it doesn’t sit well with them today. Read more

Treasurer Details State’s History of Underfunding Teacher Retirement

As it decides what recommendations to make toward putting Connecticut’s pension funds on more secure footing, the state’s Pension Sustainability Commission today heard from State Treasurer Denise Nappier about the history of funding for the teachers’ retirement fund, the largest pension fund overseen by the treasury.

State Treasurer Denise Nappier and staff for the Office of the State Treasurer presented to the state’s Pension Sustainability Commission today.

“We must ensure the sustainability of the fund so that it can provide the retirement benefits we have promised to our retired and current teachers,” Nappier said. “They deserve no less.” Read more

CEA Retirement Workshop Coming to a School Near You

When will you be eligible for retirement? How should you decide which retirement plan to choose?  How can you purchase additional service? How will your Social Security benefits be affected? Comprehensive retirement workshops offered free of charge to all CEA members will answer all of these questions and more.

The workshops, presented by CEA Retirement Specialist Robyn Kaplan-Cho, cover a wide range of issues related to the State Teachers’ Retirement System and will allow time for questions following the presentation. The workshops are held at various locations around the state throughout the fall and in the early spring.

Register now!

Any CEA member who wishes to begin planning for retirement is encouraged to attend. It is never too early to educate yourself!

Registration starts at 4:00 p.m. and each workshop will run from 4:15 – 6:30 p.m.

 

CEA to Legislators: Yes, It Is a Teacher Tax

CEA President Sheila Cohen today sent a letter to legislators explaining why teachers oppose the teacher payroll tax in the latest budget proposal.

Some legislators have been telling teachers the increased pension contribution is not a tax. Read the letter below to understand why it is, in fact, a tax—a tax that unfairly targets teachers.

Then click here and contact your legislators.

Dear Legislator,

I am writing to express my appreciation for your work this session under very difficult budgetary circumstances. CEA also appreciates the work that leadership in both parties have invested into the tentative bipartisan budget agreement.

You may question why CEA opposes the increase in the teacher payroll tax from six to seven percent. That is a fair question, and I want to share with you facts about the payroll tax increase so that we are all on the same page. Read more

Raise Property Taxes? Coalition, Voters Say ‘No’

CEA President Sheila Cohen called the cost-shift plan “devastating” at a press conference today.

Speaking out at a town hall press conference in West Hartford—which faces historic property tax hikes to cover a major shortfall in state funding—a statewide coalition of eight diverse associations, including CEA, called on legislators to avoid shifting the state’s financial obligations onto cities and towns.

Policymakers are currently considering plans to shift $408 million in state costs for teacher retirement plans onto cities and towns, whose property tax rates are already among the highest in the country.

CEA President Sheila Cohen called the cost-shift plan “devastating,” saying it would “wreak havoc on cities and towns, jeopardize much-needed resources and services, and cut critical funding so desperately needed by our students.” Read more