All Meetings Cancelled
GBRTA's officers and Board of Directors have canceled all meetings and activities until fall. Reports of the spread of COVID-19 warn us that conditions for meetings will not be safe until mid-summer. We hope you will join us at our October 8, 2020 meeting.
Similarly, ARTC has announced that all April and May meetings, including their annual meeting on May 19th at the Aquaturf have been cancelled.
At this time the Connecticut legislature has not acted on any of the issues important to retired teachers. It is unlikely that economic conditions will allow the legislature to approve the 50% exemption of our pensions from the State income tax. Similarly there appears to be no movement to change the existing link between our COLA and the interest earned on the pension fund.
A GBRTA member has shared an article from the Yankee Institute regarding the unprecedented drop in the stock market and Connecticut's pension difficulties.
It is attached for your review.
GBRTA will continue to keep you informed about issues important to you. Stay well and safe.