Connecticut’s teachers may be better off with a 401(k) style, defined contribution retirement plan than under Connecticut’s massively underfunded pension system, according to some number crunching. Assuming a 6.5 percent employer match and adjusted for inflation, a defined contribution plan could yield similar retirement savings to that of the existing ...
Education reformers from across the country met with Connecticut lawmakers and concerned parents to discuss the impact of school choice and the need for education reforms in Connecticut. Yankee Institute, EdChoice and the Connecticut Parents Union hosted “Building a Child-Centered Education” at the Mark Twain House in Hartford on Monday, Jan. 23. Speakers made the case that parents should have options about what schools their children attend presented options for reform in Connecticut.
Connecticut teachers would be wise to avoid leaving the profession early if they hope to see a return on their pension contributions, according to a new study published by the Thomas B. Fordham Institute, an education policy think-tank. According to the study, which looked at teacher pension systems in all fifty states, Connecticut public school teachers must work a minimum of 25 years before their pension benefit will equal more than they paid into the system, after adjusting for inflation.