The state's Pension Sustainability Commission heard from State Treasurer Denise Nappier about the history of underfunding the teachers' retirement fund, the largest pension fund overseen by the treasury.
Posts tagged ‘teacher retirement’
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.
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 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.
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
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