Tag Archive for Connecticut

Legislators seek source of funds to cover Connecticut retiree health insurance

A group of state lawmakers in Connecticut are trying to convince their colleagues to restore funding to the Teachers Retirement Board Health Fund in reaction to a proposal that would cut state contributions from one-third to one-quarter of the costs and bump retiree costs to 42 percent from the current level.

Teachers would pay about $35 more per month, CT News Junkie reports. Currently, many pay between $500 and $1,000, receiving about $110 from the fund each month, according to the Association of Retired Teachers of Connecticut. Increased expenses could be difficult for them to cope with given that many depend on their pensions, the organization states.

The legislators have proposed that funding be drawn from other sources, such as temporarily outsourcing food services for inmates. Governor Dannell Malloy, who put the original proposal forward, has responded that he is prepared to consider alternate solutions. The bill was meant to provoke a discussion so that the cost issues could be addressed, he reportedly stated.

Lawmakers seem supportive of retirees' health insurance benefits, the news source notes, and some have expressed confidence that alternate proposals to draw funding rather than cutting it can be successful.

CT lawmakers, teachers debate education reform plans

Some Connecticut educators are concerned over Governor Dannel Malloy's proposed education reform bill, particularly changes to tenure, evaluation and dismissal.

The law would link tenure and certifications to performance evaluation ratings, which could create a climate of anxiety and make teachers fear for their salaries, one teacher told Westport News. As an alternative, she suggests a case-by-case method should govern the removal of underperforming teachers.

If passed by state lawmakers, the bill would have new teachers issued an "initial certificate" allowing them to teach for five years. This could be renewed for up to three consecutive years, and would be replaced by a "professional certificate" obtained after passing the state Teacher Education and Mentoring program, which also confers tenure. To qualify for that, they would need to earn sufficiently high ratings during the preceding years of teaching.

One teacher told the news source the bill is too specific in some areas and not definitive enough in others, noting that certain other requirements are not fully explained. Some teachers are also opposed to other aspects of the legislation, such as funding decisions that they say favor charter schools at the expense of district schools. One noted that the certification changes mean teachers are not necessarily required to have master's degrees, indicating the move would be counter-intuitive when teacher quality is a concern.

CT locality trying to cut retirement benefit costs

A representative town meeting in Westport, Connecticut, recently voted to eliminate traditional pensions and other post-employment benefits for new, non-union town employees, following a similar decision by local pension boards.

While these workers will only qualify for health and other insurance benefits during their terms of employment, those employed before 2012 began will still receive retirement benefits. Officials have been seeking ways to reduce compensation costs for some time, according to Westport News, although some reportedly intend to establish a defined-contribution plan for the employees affected by this decision.

The decision was motivated partly by the 2011 discovery that a previous estimate of the town's financial obligations had substantially underestimated the extent of the town's liability for employee retirement benefits.

Officials told the source that they are still working to figure out how to cope with a remaining unfunded liability of at least $75 million for current employees' retirement benefits, and one noted that defined-contribution plans may cost more at first because of reduced funding going into the pension system.

 
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