2019 Legislation
Public Act 19-73: Teachers' Retirement System Contributions
Section 1
- An act effective January 1, 2020 for mandatory regular contribution for State Technical systems of 7% and a 1.25% health contribution. The 1.25% health contribution will be waived should the employee meet established criteria.
Public Act 19-74: Minority Teacher Recruitment and Retention
Section 5
- An act to change post-retirement employment in shortage areas for up to one year, provided members have graduated from schools designated educational systems.
Public Act 19-117: State Budget for the Biennium Ending June 30, 2020
Sections 82–85
- An act addressing the Connecticut Teachers' Retirement Board Retirement Fund Bonds Special Capital Reserve Fund and amending TRB statutes related to amortization of unfunded liabilities, future gains and losses, revised return assumptions, and credited interest.
Section 86
- An act making changes to Plan N death benefit payments by increasing aggregate benefits from 25% to 50% for members retiring after July 1, 2019.
Section 89
- An act making changes to credited interest, including a 4% cap on member accounts and a maximum return rate assumption of 6.9%.