Connecticut Teachers' Retirement Board

Highlights 2019 Governor's Budget - Provisions affecting TRB

Posted on 7/9/2019

The Governor’s budget made the following changes affecting the TRB:

  • Credited Interest-The credited interest on mandatory contributions will be capped at 4%.
  • Death Benefit- The drawdown will be changed from 25% to 50% for members who retire on or after July 1, 2019.
  • Assumption Rate- The return assumption shall be 6.9%.
  • Exemption from Connecticut Income-Please reach out to your financial planner for more details.

Please visit the website for additional information at :

https://www.cga.ct.gov/2019/ACT/pa/pdf/2019PA-00117-R00HB-07424-PA.pdf