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.
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