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
Jan 15, 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
Oct 30, 2023 · Connecticut's 700,000 Social Security recipients received (or will soon receive) pension COLAs raising their pensions by more than 20 ...
CT is now asking state employees to do about 30% more work for about 15% less real compensation, while providing less generous benefits.
4. State retirees to see pension bump as inflation jumps 6 percent
Aug 12, 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
5. [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.
6. Connecticut starts new year with better pension funding
Jan 2, 2024 · Connecticut starts 2024 on a better foot for its long-standing pension problems, cutting costs and enabling tax cuts.
Read More at Inside Investigator >>
7. Cost of Living Adjustment (COLA) - Department of Retirement Systems
COLA percentages for most DRS plans (effective July 1, 2024) ; July 2, 2023 – July 1, 2024, 0.00% ; Prior to July 2, 2023, 3.00% ...
Cost of Living Adjustment (COLA) See the latest COLA percentages. A cost of living adjustment (COLA) is an annual adjustment applied to retirement income to counteract cost changes in the economy (inflation).
8. 2023 January COLA Increase Approved
Nov 9, 2022 · Connecticut Teachers' Retirement Board ... Social Security has announced that they will be granting a cost of living increase of 8.7% for 2023.
Posted on 11/09/2022
9. CT state employee raises: 2.5% boost approved by budget panel - CT Mirror
Apr 12, 2024 · The legislature's nonpartisan Office of Fiscal Analysis estimates it would cost the budget $121.2 million to give workers the ...
The raises, which the full legislature is expected to vote upon before the regular session ends May 8, would cost more than $190 million.
10. COLA/Post-Retirement Benefit Adjustment June / July, 2024
LRS COLA · must have a retirement effective date on or before 12/01/2023 for the July 2024 COLA, and · non-disability retirees must be 45 years of age or older ...
June / July, 2024
11. [PDF] RETIREMENT BENEFITS - UConn Health
Each eligible State of Connecticut employee is required to be enrolled in a retirement plan. ... First COLA. After 30 months of pension payments. Annually ...
12. Human Resources - Retirement Incentive Program - CSCU
Employees aged 60 or older as of retirement date. Those with 10 or more years of vested state service as of retirement date. Eligible for normal retirement ...
Eligible employees can choose between:
13. CT Sunlight: Home
... CT Sunlight Project as a ... Pension recipients and amounts for retired public employees for calendar years 2014-2023. Checkbook State of Connecticut ...
Welcome to the CT Sunlight Project The Yankee Institute for Public Policy provides the CT Sunlight Project as a resource for Connecticut's taxpayers. Use this database to find public employee salary data, pension beneficiary information, and state government's checkbook in an easy-to-search format.
14. Connecticut Municipal Employees Retirement System (CMERS)
Retirement Estimate. If you are a Town of Hamden employee under CMERS and planning to retire please fill out the MERS Retirement Estimate-Employment ...
15. 2 Upcoming Changes for CT State Employees Pensions in 2022
Mar 30, 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
