Marc was a 2014 Robert Novak Journalism Fellow and his work has appeared in The Federalist, American Thinker, The Skeptical Inquirer, World Net Daily and Real Clear Policy. This portion of the plan is not going to change, although there is an additional premium for Medicare Parts B and D that we should discuss. Reality is going to win the day, Campbell said. For more information on the current COLA please visit the Cost of Living Adjustments page. In a contributory plan the employee pays a portion of his/her regular salary towards the pension while the employer fully covers the plan in a non-contributory. House Bill 1047 (Public) Filed Wednesday, May 25, 2022 AN ACT PROVIDING A COST-OF-LIVING ADJUSTMENT FOR RETIREES OF THE TEACHERS' AND STATE EMPLOYEES' RETIREMENT SYSTEM, THE CONSOLIDATED JUDICIAL RETIREMENT SYSTEM, AND THE LEGISLATIVE RETIREMENT SYSTEM; AND APPROPRIATING FUNDS FOR THAT PURPOSE. Members may change their state withholding tax by submitting a Connecticut Tax Withholding Change Form CT-W4P. %%EOF It seems that JavaScript is not working in your browser. State employees, teachers, judges and state police retirees who were receiving a COLA prior to the June 30, 2012, will receive a "4-Year" COLA in 2021. State police retirees who retired after June 30, 2015will receive the "4-Year" COLA the month following the three year anniversary of the members retirement date or after reaching Social Security Normal Retirement Age (SSNRA), whichever is later. It seems that JavaScript is not working in your browser. hbbd``b`: $A` E $_ ;rL@bg|0 Last year, the two funds saw little more than a 3 percent return. Its going to look bad, but its going to look bad for everybody and that basically papers over the weaknesses that we had before the virus. Based on the statutes governing Cost of Living Adjustments (COLA)forCTRB members, the Connecticut Teachers Retirement Board will be granting COLA as follows. endstream endobj 59 0 obj <>stream All SERS pension increases should be reported to Social Security if you are receiving Social Security benefits based on your spouses Social Security earnings. Based on the statutes governing Cost of Living Adjustments (COLA)forCTRB members, the Connecticut Teachers Retirement Board will be granting COLA as follows.
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