
Southern Fairfield Retired Teacher Association serving Darien, Greenwich, New Canann, Norwalk, Stamford, Weston, Westport, Wilton
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TO BE OR NOT
There are leaders and I guess, some followers, who believe that actively seeking fairness and balance in our retirement benefits are bound to make government upset at us. We, 1 guess, are taking a road less traveled to address that imbalance!
We identified a series of discrepancies that cry out for attention.
Dear Colleague:
True to our mission, we have introduced a series of necessary retirement benefits:
An Insurance program to reduce the group rate by $2,000, repayment of the takings of
$60,000,000 in 2008 from our Health Insurance Premium Account, the return of our Cost of Living Account and the removal of our double taxation on our income. We are only one of five states that does that.
Included in your materials today is a petition to our legislators. Yes, we have a voice for these issues but we need a choir to draw attention.
Please fill out the information listed on the back and mail it to your legislators. Their names are listed on the back. I don't know why you would not put your name on the sheet but at least put down your first name. If you live outside Connecticut forward the document to our Treasurer, Denise Nappier, Comptroller, Kevin Limbo, Office of Policy and Management, Benjamin Barnes or our Governor D. Malloy.
SOUTHERN FAIRFIELD #66 7/1/11
Despite dire economic times, our membership has stayed about the same. We are very pleased with your continued support, but we must grow our organizations, as the issues are becoming more challenging to our retirees. We need the financial resources to hire a lawyer from time to time to protect our rights, e.g. the taking of $60,000,000 from our Health Insurance Premium Account. These funds were to be paid back with interest but not a penny has come forth from our state.
ISSUE IS INSURANCE
When you retire as an educator your insurance choices are few.
You can seek an individual plan but that is extremely expensive or you can remain in your local board of education plan and pay a "group rate". The group rate is the cost of your plan minus $1,300 per year. In 1987 the state said they would pay thirty-six dollars and seventy cents per month or a total of four hundred and thirty four dollars a year. Working teachers were required to pay seventy-three dollars and thirty cents per month for a total of one hundred and ten dollars a month = thirteen hundred per year.
SustiNet
No question that health care is vital to all of us but the cost of our programs are intolerable. Your SFCRT Association is deeply concerned with this fact. We have created two programs designed to be a positive influence upon our members.