Teacher Retirement Fund
The public hearing on CT Teachers’ retirement system has been rescheduled for next Tuesday, February 13th from 3-5pm at the State Teachers’ Retirement Board office located at 765 Asylum Avenue (2nd Floor).
The subject of the public hearing is recommendations for maintaining the financial viability of the Connecticut teachers’ retirement system. The Commission is charged with developing and implementing a plan for maintaining the financial viability of the Connecticut teachers’ retirement system and is required to give significance to the financial capability of the state, which shall include: (1) The fiscal health of the state; (2) the balance in the Budget Reserve Fund, established under section 4-30a of the general statutes; (3) the short and long-term liabilities of the state, including, but not limited to, the state’s ability to meet minimum funding levels required by law, contract or court order; (4) the state’s initial budgeted revenue for the state for the previous five fiscal years as compared to the actual revenue received by the state for such fiscal years; (5) state revenue projections for the fiscal years during the period in which the proposed plan is to be in operation; (6) the economic outlook for the state; and (7) the state’s access to capital markets. The financial capability of the state shall not include the state’s ability to raise revenue through new or increased taxes. The Commission’s plan will be submitted to the Appropriations and Education Committees of the Connecticut General Assembly.
Anyone wishing to testify in person shall email Charlene Hill at Charlene.firstname.lastname@example.org by 4:30 P.M. on Monday, February 12th and his/her name will be added to the speaker list. The Commission also is accepting electronic written testimony via email to Charlene.email@example.com in Word or PDF format no later than 4:30 P.M. on Monday, February 12th. If you are unable to submit electronic testimony, please submit 25 copies of written testimony to the Commission upon arriving at the hearing. Written testimony received on the day of the hearing may not be distributed until after the hearing. The Commission requests that testimony be limited to matters related solely to the viability of the teachers’ retirement system (note: retired teachers’ health insurance is not the subject of the hearing). Speakers will be limited to three minutes of testimony. The Commission encourages witnesses to submit a written statement and to condense oral testimony to a summary of that statement.
Teachers are encouraged to submit testimony!
35 Marshall Rd.
Rocky Hill, CT 06067