1. Cost of Living Adjustments - CT.gov
The Connecticut Teachers' Retirement Board provides for an annual cost of living adjustment (COLA) once a member has been retired for at least a minimum of nine ...
Recent Cost of Living Adjustments (COLA) approved by the board for retirees.
2. How to Calculate the Cost of Living Adjustment for CT State Employees
15 jan 2024 · The available COLA to these two tiers ranges from a minimum of 2.5% and a maximum of 6%. The calculation uses 60% of the annual increase in the ...
Preparing for retirement in Connecticut? Here's how Cost of Living Adjustments (COLA) work and how it can affect you in 2024.
3. Connecticut is neglecting its state employees - CT Mirror
30 okt 2023 · For 2021, 2022, 2023, pay increases for your state social workers ... Even retirees saw much larger benefit increases than our state's employees.
CT is now asking state employees to do about 30% more work for about 15% less real compensation, while providing less generous benefits.
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4. Connecticut starts new year with better pension funding
2 jan 2024 · According to the latest valuations, Connecticut's State Employees Retirement ... 2023, and the Teachers Retirement System (TRS) increased its ...
Read More at Inside Investigator >>
5. State retirees to see pension bump as inflation jumps 6 percent
12 aug 2021 · State retirees receive minimum 2 percent COLAs per year regardless of the inflation rate and a maximum of 6 percent or 7.5 percent, depending on ...
Retired Connecticut state employees will see a substantial bump to their pension payments as a result of increasing economic inflation.The Consumer Price Index for Urban Wage Workers and Clerical Workers – known as the CPI-W -- increased 6 percent between July of 2020 and July of 2021, accordi
6. Retirees in These 5 States Will Get the Biggest Social Security Raise in ...
22 sep 2022 · Retirees in these five states can expect the biggest "raise" in 2023 ; Connecticut: Average monthly retirement benefit expected to rise by ...
Although Social Security checks will receive a historic boost in 2023, retirees in select states can expect a bigger nominal-dollar increase than others.
7. CT's pension debt gets attention, but retiree health care is worse off
26 okt 2023 · Connecticut's health care program for retired state workers shifts hundreds of millions of dollars in costs into the future, analysts say.
Connecticut's health care program for retired state workers shifts hundreds of millions of dollars in costs into the future, analysts say.
8. [PDF] THE STATE OF CONNECTICUT
This analysis focuses primarily on the two large state-administered systems – the Connecticut State Employees Retirement System ... Cut COLA: all employees.
9. 14,000 state employees to pay for pension investment losses
10 mei 2023 · More than 14,000 Connecticut state employees hired since 2017 will have to pay 2 percent more toward their pensions next fiscal year, ...
Read More at Connecticut Inside Investigator >>
10. 2 Upcoming Changes for CT State Employees Pensions in 2022
30 mrt 2022 · After July 1, 2022, these amounts will be increasing to 3% for hazardous duty retirees and 5% for non-hazardous duty retirees. Therefore, if you ...
According to the Office of the State Comptroller, as of November 19, 2020, there were 13,066 state employees (full-time and part-time) who are eligible for normal or early retirement before July 1, 2022. With that in mind, there are two significant changes to the CT State Employees Pensions that wil
11. The State Labor Deal and the Resulting Retirement Wave
21 sep 2022 · The SEBAC deal was supposed to prevent a long-feared wave of state employee retirements. It did not. Over 5,000 employees have retired over the ...
Ned Lamont would have voters believe that he has engineered a “Connecticut Comeback.” On his campaign website, he claims to have turned a $4 billion deficit into a $4 billion surplus. Lamont has h... Haven’t subscribed yet? Click here to register. CT Examiner is just $20 a year. And if you want to unsubscribe? That’s online and at the click of a button. No phone calls. No runaround. No hassle. At less than a tenth the cost of our statewide competitors, our promise to you is no-nonsense federal, state, and local news that’s nonpartisan, respects your privacy and is ad-free. Subscribe and see why CT Examiner is the fastest growing news source in Connecticut. Username Password Remember Me Forgot Password
12. More than 1,600 retired Connecticut state employees receive six-figure ...
5 mei 2020 · Retirees receive cost of living increases every year that range from a minimum of 2 percent to a maximum of 7.5 percent. The annual COLA ...
More than 1,600 retired state employees now have pensions over $100,000 per year, totaling an annual payout of $191.9 million, according to numbers provided by the State Comptroller’s Office.The 1,609 retirees receiving six-figure pensions represents an increase of more than 200 individuals si
