But they also said Ostens proposal has some merit. According to the National Education Association, the national average starting salary for 2019-2020 had an increase of 2.5% over 2018-2019. B'U81You;ZIJs4 112,KbjS?6n,SKB;LPdbeUL e|VNw4)*fRF[zb)-Unfr:YYYYj?6s/@= And during a time of unprecedented mental health challenges among students, educators are being asked to do far more than just teach. Florida? Tuition reimbursement can cover anywhere from three to six credit hours. hmo6?n(DJ@N$Cdqmi[,&;Y 0000002728 00000 n If you have student loan debt, you can enroll in the Paying it Forward Savings Program. 0000068155 00000 n Teacher Pension Plans: How They Work, and How They Affect Recruitment, Retention, and Equity. Average salary refers to what all teachers make, on average. [RELATED: Report: CT reduced its debt by 7.4% over past year]. For Health Insurance. Assistant principals, principals, curriculum coordinators and superintendents all help Connecticut schools and districts run smoothly to support teachers and students. xref The Hartford Public Schools district saw more retirements than we expected to see at the end of last school year, Superintendent Dr. Leslie Torres-Rodriguez said. Its real money for people.. See if your district offers these bonuses! While school construction is necessary, and many schools, particularly in poorer rural and urban areas, are utilitarian, examples of extravagance abound: To add insult to injury we now find that the Department of Construction services is involved in bid rigging and no-bid contracts with Konstantinos Diamantis, of the states Office of Policy Management, telling districts that if they wanted projects approved they must use construction companies he chosefor no-bid contracts. Osten said an informal analysis shows that an exemption of all pension and annuity earnings from the state income tax would cost about $200 million per year. The COLA will be paid as a 1.5% increase as of July 1, 2022 with the following stipulations: must have a retirement effective date on or before 12/01/2021 for the July 2022 COLA, and non-disability retirees must be at least 45 years of age or older School or district leadership positions can be a great next step. Connecticut has a 10 year vesting period. The median teacher salary is around $79,742, and most teacher incomes are on the rise. Your district may also cover leave and expenses for you to pursue professional development such as conferences or trainings. Teacher Loan Forgivenessbenefits public school teachers with federal student loans. Spacious and elegant, this Diamond Bar home is the perfect place for you to enjoy the California lifestyle overlooking mountain and valley views. For Active and Inactive Teachers. trailer As part of our comprehensive compensation and benefits program, employees are also eligible for performance-based cash incentive awards. More deposits into pension funds will be coming later in the year. It was hard for Graham, too, but she didnt leave a class in the middle of the year. Staff shortages forced some districts to close. Get CT Mirror emails in your inbox daily. Last fall did bring some solace: Graham was once again able to teach in her own classroom, which she says students used to refer to as the sanctuary.. One year of experience in data analytics required. "Agreement Between Bridgeport Board of Education and Bridgeport Council of Administrators and Supervisors, American Federation of School Administrators, Local 46, AFL-CIO." 2020 - 2021. %PDF-1.7 . Connecticut's average teacher salary in 2021 was $79,742. <>/Filter/FlateDecode/Index[208 2308]/Length 70/Size 2516/Type/XRef/W[1 1 1]>>stream All rights reserved, 2022 The Travelers Indemnity Company. 2 0 obj Osten was referring to a decision last spring by Gov. skD(bGMs@O 1 0 obj Get more information about the ADTLS Program and eligibility requirements. Collibee also noted a new income tax exemption beginning soon for individual retirement account proceeds would mean the state will collect about $78 million less by the 2023-24 fiscal year. State finances are particularly robust at the moment, with the administration projecting a surplus of $2.8 billion for the fiscal year that ends next June 30. guide 2022 What you need to know about your UnitedHealthcare Senior Supplement Plan Connecticut Teachers' Retirement Board UnitedHealthcare Senior Supplement Group Number: 06802 Effective: . 8 myths about renting you should stop believing immediately, 6 ways home buyers mess up getting a mortgage, 6 reasons you should never buy or sell a home without an agent, Difference between agent, broker & Realtor, Real estate agents reveal the toughest home buyers they've ever met, Do Not Sell or Share My Personal Information, Bathroom 1 Features: Bathtub, Double Sinks In Master Bath, Exhaust fan(s), Soaking Tub, Kitchen Appliances: Dishwasher, ENERGY STAR Qualified Water Heater, Disposal, Gas Oven, Gas Range, Microwave, Range Hood, Vented Exhaust Fan, Water Line to Refrigerator, Laundry Features: Gas Dryer Hookup, Washer Hookup, Bonus Room, Kitchen, Main Floor Bedroom, Master Suite, Multi-Level Bedroom, Walk-In Closet, Kitchen Features: Kitchen Island, Tile Counters, Pool Features: Private, Heated, Waterfall, Spa Features: Spa: Y, Spa Features: Private, Fencing: Fence YN: Y, Fencing: Brick, Wrought Iron, Patio And Porch Features: Patio YN: Y, Patio And Porch Features: Deck, Front Porch, Lot Description: 0-1 Unit/Acre, Back Yard, Cul-De-Sac, Parking Features: Parking Features: Garage Faces Front, Street, Calculated Total Monthly Association Fees: 0, Community Features: Curbs, Hiking, Park, Sidewalks, Street Lights, Suburban, Directions: NE on Grand, left on Summitridge, Left on Breckenridge, Property Subtype: Single Family Residence. Like most states, teachers need to serve a number of years before qualifying for a pension. Thats the Travelers Promise. email, from realtor.com and, Home buyers reveal: 'What I wish I had known before buying my first home', Selling your home? endobj Your retirement benefit is deposited on the first day of each month directly to an account you designate. 0.250% off of mortgage rates for teachers of color who are first-time homebuyers or who have not owned a home in the past three school years. With that in mind, new and current teachers in Connecticut should think carefully about their career plans and how they interact with the state's retirement plan. Seamus McAvoy may be reached at smcavoy@courant.com. This can also be thought of as the debt cost of the pension fund. Kate Dias, president of the Connecticut Education Association, says that sentiment has begun to play out in disconcerting ways. We get more sales tax.. Beginning in tax year 2015, retired Connecticut teachers can deduct a percentage of the federally taxable Connecticut source teacher's pension on the CT1040 or the CT1040NR. Teachers' Retirement Board. %PDF-1.6 % Why Arent All Teachers Covered By Social Security? As a classroom teacher, you can grow into specialized leadership roles, such as a peer observer or mentor teacher position. But shes not totally without worry, particularly for the future of teachers in the state. What did people search for similar to retirement homes near Diamond Bar, CA? endstream endobj 46 0 obj <>>> endobj 47 0 obj <>/Font<>/ProcSet[/PDF/Text]/Properties<>>>/Rotate 0/TrimBox[0 0 612 792]/Type/Page/u2pMat[1 0 0 -1 0 792]/xb1 0/xb2 612/xt1 0/xt2 612/yb1 0/yb2 792/yt1 0/yt2 792>> endobj 48 0 obj <>stream the payment will consist of $1.9 billion into the State Employees Retirement Fund and $900 million into the Teachers' Retirement Fund. endstream endobj startxref Staff and teacher shortages nationwide prompted the American Federation of Teachers to launch a task force in December to investigate causes and propose solutions. Fonfara added any proposals likely to create more jobs in the long run will have a big edge. The states chief business lobby also gave a preliminary endorsement to Ostens initiative. Harding High changed to half-year instruction a move Graham didnt support meaning that she would have received a new group of students for the second half of the school year. The state sets specific windows when teachers can retire with benefits based on age and years of experience. Receiving Your Benefit. He spent 40 years as electrical engineer, working chiefly for the U.S. Department of Defense as a civilian employee. Location: Hartford, CT Moreover, educators cant begin to collect it until they hit the states retirement age. Thats equal to roughly 13% of the budgets General Fund. The State Employees Retirement System is based on a Connecticut state law enacted in 1939. The Sprague lawmakers top goal is to exempt all retirement earnings from taxation. Which States Have the Best (and Worst) Teacher Retirement Plans? 0000048003 00000 n Sprague lawmaker says pension, annuity exemption needs to expand, Click to share on Facebook (Opens in new window), Click to share on Twitter (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to email a link to a friend (Opens in new window). View 36 photos of this 4 bed, 3 bath, 3225 sqft. 0000006579 00000 n Please reload the page and try again. (, Alliance District Teacher Loan Subsidy Program, Connecticut Higher Education Supplemental Loan Authority. Terms of Service | Privacy Policy (8). 0000002894 00000 n Strong Analytical Ability Displays a high proficiency in ability to analyze data/information. People also searched for these near Diamond Bar: See more retirement homes near Diamond Bar. Retirement Systems Division Address: 3200 Atlantic Avenue, Raleigh, NC 27604 Email: NCRetirement@nctreasurer.com Phone: (919) 814-4590 Office hours/in-person form deliveries Mon-Fri, 8:00 am - 5:00 pm Call Center open Mon-Fri, 8:30 am - 4:30 pm Salary Finder. See How Your State Compares.. The whole idea of [fiscal] cliffs in our government and thats not just in the tax world produces all kinds of bad incentives and bad policy, Horn said. This position in Select Accounts (Business Insurance) will develop data and analytics that support growth and profitability in a region, or part of a region. Graham said she wasnt sleeping, instead racking her brain for ways to help her students, who she could tell were also struggling. Stipends vary depending on the activity and your district, but extra pay for these leadership roles ranges from a few hundred to several thousand dollars. Teachers are in high demand across Connecticut, and the number of teaching opportunities is projected to grow in the coming years. What does a 3% interest rate subsidy mean? The Connecticut Higher Education Supplemental Loan Authority (CHESLA) is an organization that offers low-interest loans for eligible students. If you receive a paper check, it will be mailed two business days prior to the direct deposit date. Collective Bargaining Agreement Between the Hartford Board of Education and The Hartford Federation of Teachers, Local No. The median teacher salary is around $79,742, and most teacher incomes are on the rise. Monthly pension payments are direct deposited on the final business day of each month. Connecticuts average teacher salary in 2021 was $79,742. Average pension value (2018): $53,452Vesting Period: 10 YearsTeacher Contribution Rate (2018): 6%Employer Contribution Rate (2018): 32.04%Participation in Social Security: No. Teachers use this time to travel, explore professional development, relax or work elsewhere. Teachers' retirements are at risk and Connecticut taxpayers on the hook for $18 billion for past services. For instance, we will pay you in December for your November retirement benefit. As with most state pension funds, Connecticuts teacher retirement system provides the greatest benefits to teachers who stay the longest, while leaving everyone else with inadequate benefits. which will include a certi cate and schedule of bene ts. (Note: The home must be your primary residence. By proceeding, you consent to receive calls and texts at the a product of First Street Foundation. The schedule for mailing checks and direct deposit dates through December 2023 is now available. The Connecticut Housing Finance Authority (CHFA) offers: Homes for Heroes assists educators by making the home buying, selling or refinancing process easier (and saving teachers money in the process)! If youve worked full-time in a public service field for 10 years, you may qualify to have your remaining student loans forgiven through the Public Service Loan Forgiveness. Visit our. )[ .;}X\ Pitney Bowes, and GreatSchools Independent for reference only. Direct deposit annuity payments are posted on the first of every month. For the 2016-2020 tax years, the deduction was 25%. To deduct the federally taxable pension, go to the federal 1099 screen and . Finally, in Connecticut, as with most states, teacher pensions are not portable. Finally, after seeing her class through the end of the semester, Graham retired. For example, you could earn: After you have some teaching experience under your belt, you might be curious about shifting your career focus. 0000000831 00000 n In Connecticut, teachers are a part of the Connecticut Teachers' Retirement System (CTRS). Scanlon was able to secure approval this year for a one-time $250-per-child income tax rebate that sent about $82 million to eligible families. Learn more about Homes for Heroes. The State Teachers' Retirement Board has selected UnitedHealthcare to administer the Connecticut Teachers'Retiree Health Plan for Medicare-eligible retirees and dependents. Refinance up to $25,000 in private student loans. A historical payment is headed to Connecticut's pension plan. Vacation days will depend on your district, but in general you can expect: As you probably know, teachers also get a long summer break. [RELATED: CT child tax rebate claimed by more than 70% of eligible households]. Click here for the full schedule. Basically, as long as you teach in an Alliance District school, your interest rate will go down by 3%, Get more information about the ADTLS Program and eligibility requirements. <> Copyright 2023 Design by Julia Balfour, LLC, $3 billion was spent on Hartford magnet schools, which have seen disappointing enrollment, a $185 million construction project the largest school construction referendum in Connecticut history, Torrington is building a new High School at a cost of $159 million, For One Brief, Shining Moment, a Governor Confronts UConn, Nationalism Perpetuates the Myth of Exceptionalism, Lamonts Many New Subsidies Suggest Worsening Poverty, Schools Resent FOI Because They Have So Much To Hide, A Tale of Two Methods for Scheduling Work, Comparing Connecticut, New York, Florida By the Numbers. If those pensions were exempt from taxation, those retirees would be more likely to remain in Connecticut, she said. Create and maintain a collaborative relationship with field partners that supports local strategies. 0000005926 00000 n Agreement Between the Stamford Board of Education and the Stamford Education Association. July 1, 2018 - June 30, 2021. Payroll Schedule 2023 Office of the Comptroller's Mailing Schedule for Teachers' Retirement Annuity Checks TRS pays in arrears. New Haven Public Schools. After decades of Connecticut failing to make adequate contributions, our teachers pensions are only 51.3% funded. If you are a candidate and have specific questions regarding the physical requirements of this role, please send us an email so we may assist you. Retirement: Travelers matches your 401(k) contributions dollar-for-dollar up to your first 5% of eligible pay, subject to an annual maximum. Take on a leadership role in the management of a countrywide line of business. CONNECTICUT TEACHERS' RETIREMENT SYSTEM Center for Retirement Research at Boston College SPECIAL REPORT June 2022 Center for Retirement Research at Boston College Hovey House 140 Commonwealth Avenue Chestnut Hill, MA 02467 . My concern for the profession is going to be, if there isnt a way to address [the challenges], were going to see a lot more educators leave, Graham said. Calculating Teacher Pension Wealth in Connecticut. In every state, a teacher who leaves prior to vesting is eligible to withdraw his or her own contributions, sometimes with interest, but few states allow those employees to collect any portion of the employer contributions made on their behalf. Thefederal government created Good Neighbor Next Doorto contribute to community revitalization and to supportpeople in service professions like teaching. hbbd``b`$XK&8 $k*{b1; ? With student population forecast to shrink 9.2% over the next 10 years how much should we spend on school construction going forward? <>/Metadata 1062 0 R/ViewerPreferences 1063 0 R>> Numbers were higher among teachers of color. These documents will provide you with a listing of services, limitations, exclusions, and a . Grahams sentiments are reflected in national surveys, which indicate that feelings of burnout and frustration among teachers are becoming pervasive. Graham retired at the end of January, years before she expected due to a mix of COVID-19 and other built-up tensions. For example, a teacher who retires at age 60 with 25 years of service and an average salary of $ 60,000 would receive an annual benefit of . For example, you could earn: Have more questions about teaching in Connecticut? You might earn a lower total amount as a rural teacher than you would in a large citybut remember, your daily expenses will also be lower in a rural area. Who Qualifies for a Teacher Pension in Connecticut? In other words, the lack of benefit portability will hurt the long-term retirement savings of any educator who leaves teaching altogether or who crosses state lines to work in another state. How Much Does Connecticut's Teacher Pension Plan Cost? Employee contribution: The percent of a teachers salary that he or she pays annually to the pension fund. A Teach Connecticut coach can tell you all about teacher salaries, teaching programs and more. 2019 - 2023. 0 0000002157 00000 n Unlike other retirement funds, a teachers contributions and those made on their behalf by the state or school district do not determine the value of the pension at retirement. Where did the education dollars go? Pension wealth is derived from a formula. From 2019 to 2020, CTs average teacher salaries rose by 5.5 percent. Looking for more tax information and tips? Now is a great time to become a teacher. Travelers is an equal opportunity employer. Interested in coaching the chess club or earning an advanced degree? teachers make, on average. The benefit formula is: 2% x Years of Service x Average Salary. Average teacher incomes and how you canincrease your teaching salary. We are proud to serve Connecticut educators by providing a comprehensive retirement . When I start to get [past] the Connecticut River and go west, I start to get a little uptight.. <<44BBCDF083B2B2110A0030F0D7F6FE7F>]/Prev 565124/XRefStm 1933>> Originally set to take full effect in 2025, a 100% exemption now applies right away for singles with with incomes less than $75,000 and couples with less than $100,000. As an educator, you can grow your careerand your salaryby moving into an advanced teaching role, getting licensed to teach additional subjects, becoming a school or district leader, working on education policy The skys the limit! hb```f``c`@(W7%.``3``\-ZjGCcF\4?7\wv\Khog *s/&>~&a)r b!&>c @ Connecticut Teachers' Retirement Board. Taxpayers with greater incomes qualify for a 75% exemption. This incentive system discourages districts from managing the total cost of their projects and passes the burden on to the state which we all pay for in the end. APPROVED: A 1.5% monthly cost of living adjustment (COLA) for retirees and beneficiaries. Prior to joining CT Mirror Keith was State Capitol bureau chief for The Journal Inquirer of Manchester, a reporter for the Day of New London, and a former contributing writer to The New York Times. In Connecticut, teachers are a part of the Connecticut Teachers' Retirement System (CTRS). %PDF-1.7 % The exemption for pensions and annuities was another key step, said Nora Duncan, executive director of the Connecticut AARP. 4 0 obj Train, assimilate, and formally mentor new team members. The basic structure of Connecticuts teacher defined benefit (DB) pension is similar to that of other states. If youve put in 20 years of local service as a teacher, you can retire with full benefits at age 60. single-family home with a list price of $1488000. This January proved to be dizzying for teachers and school staff across the state. [RELATED: Connecticuts coffers continue to swell, despite global economic woes]. )$[T2%o&# 4?o p@* Located within the award winning Walnut Valley School District, this gorgeous property is one of the largest floor plans in the community, featuring a spa School data provided by National Center for Education Statistics, On this page, you'll find everything you need to know about salary and benefits for CT teacher jobs. It just wasnt as loud, Graham said. Connecticut Tax Breaks for Other Retirement Income Beginning in 2022, income from a pension or annuity is exempt for joint filers with less than $100,000 of federal adjusted gross income and. In Teacher Pension Plans: How They Work, and How They Affect Recruitment, Retention, and Equity, we look at the history of these plans and how they interact with key education issues facing our schools today, including attracting and retaining high-quality teachers and providing equitable resources for disadvantaged students. endobj (. ) Those contribution rates are set by the state legislature and can change year-to-year. You can increase your knowledge and your pay through additional classes after you become a teacher. 2516 26 2023 The Conneticut News Project. A student and a teacher read together at Kelly Elementary School in Portland in October, 2022. By honoring this commitment, we have maintained our reputation as one of the best property casualty insurers in the industry for over 160 years. Instead of kids moving from classroom to classroom, teachers like Graham rotated classrooms filled with a pre-selected group of students. November 10, 2022. Some districts offer summer positions for teachers, such as summer school classes or curriculum development jobs. Despite the onslaught of pandemic-related challenges dating to 2020, not every point of frustration comes back to the virus. (5). When you work at Travelers, lifes most important moments become your lifes work. . Connecticut also shields 50% of pension earnings for retired teachers and 100% of federally taxable military retirement pay, according to the states Tax Expenditure Report. For Employers. That changed before the fall of 2020, when Harding decided to create student cohorts to minimize COVID-19 transmission. Welcome to the Connecticut Teachers' Retirement Board. That means helping families feel secure, businesses to prosper, knowing that youve made a difference, and feeling like you belong to something bigger. 62 0 obj <>/Filter/FlateDecode/ID[<8289197ED76101D711AB9D96ADEB020A>]/Index[45 30]/Info 44 0 R/Length 87/Prev 140775/Root 46 0 R/Size 75/Type/XRef/W[1 2 1]>>stream You can get up to 100% of your Perkins loans forgiven if you teach a shortage area subject in a school that serves low-income students. 0 hSLwhKJGPc{%`=khMub-dr(`+hd%3eL&b\\HLd{-]1o> w Y"!#UQ &&#;:k,/&|}|^py~H~myw?K[56?S`ibExRW %FTtnc56^0ja:5tKTH_;6C5 To learn more about our comprehensive benefit programs please visit http://careers.travelers.com/life-at-travelers/benefits/. (1) Thats one of the fastest-growing salaries in the nation! State statute provided a ramp-up schedule to full payment of the ARC by 1993. 0000002311 00000 n These administrative roles also come with their own salary schedules and salary bumps. Her passion for teaching part of what earned her recognition as Connecticuts Teacher of the Year in 2019 hadnt waned in nearly 40 years. From 2019 to 2020, CTs average teacher salaries rose by 5.5 percent. CareerOneStop.org. Thats the last place I would want go, Gouzie said, adding he and his wife are content to spend their time in Ledyard, Mystic and Noank. This is probably the thing weve heard about the most, Duncan said. Youll have extra job security if you get licensed in a hard-to-fill subject area. How does it work? The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment. But capping eligibility at $75,000 for singles and $100,000 for couples is too modest in the eyes of many retirees. The state Department of Education is already working on a number of initiatives to attract qualified and diverse teachers. "hm .O {sgJ7:z(rM7cmR5uf6y ?)\,r/?iVs[. Graham notes tension with her administration, and a general lack of respect for the profession from members of the public who began to take the work of educators for granted. The U.S. Department of Housing and Development offers a discount of 50% from the list price of qualifying homes. Agreement Between the Torrington Board of Education and the Torrington Education Association. July 1, 2018 - June 30, 2021. 2516 0 obj But Gouzie noted Connecticut has taken steps in recent years to make the state more attractive to certain retirees, adding its important to broaden that effort. <>/ExtGState<>/XObject<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 612 792] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> update to your home value. ]20},e('E(/f{p1uaX>"$A}7y$hGsjO"*-F8X^U+Pn,rJmyU3V[1qu'*ce?_su. Making Connecticut more competitive means making the state more affordable for all residents.. Amortization cost: The annual cost of a pension funds contribution toward any unfunded liabilities. We are committed to recruiting, retaining and developing the diverse talent of all of our employees and fostering an inclusive workplace, where we celebrate differences, promote belonging, and work together to deliver extraordinary results. The optimist in me says we can turn this corner and come out stronger, but its going to take a whole lot of working together to make that happen.. Average salary refers to what allteachers make, on average. 0000003678 00000 n These are some retirement homes with a large number of reviews near Diamond Bar, CA: Park Regency Retirement Center (32 reviews). meals prepared and delivered to individuals in need in 2021. donated to the communities where we live and work globally in 2021, in funding provided to 33 organizations focused on arts and culture in 2021, raised by employees through our virtual Community Connections Campaign in 2021, http://careers.travelers.com/life-at-travelers/benefits/. Additional Locations: Diamond Bar, CA, Walnut Creek, CA, Centennial, CO, Alpharetta, GA, Naperville, IL, Hunt Valley, MD, Braintree, MA, Saint Paul, MN, Kansas City, MO, Melville, NY, Charlotte, NC, Franklin, TN, Richardson, TX, This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. COVID-related concerns last year caused many experienced teachers with chronic but well-managed health concerns to retire or resign prior to their previously anticipated dates, Mary Yordon, vice president of Prek-12 educators with AFT Connecticut, said in an email. When adjusted for inflation, this marks the largest annual increase in starting pay since before the Great Recession.. 0000005480 00000 n The departments talent office has continued to recommend policy changes to break down the barriers to certification, and several other programs aim specifically at increasing teacher diversity. Connecticut Department of Labor. endstream I think its an economic boon for the state, Osten said, They spend more money here. Forty percent of all public K12 teachers are not covered under Social Security. Each district has its own teacher salary. Ability to develop strong working relationships with business partners including business service centers, information technology, claim, actuarial, etc. 0000048782 00000 n The former defense engineer was less thrilled, however, when he learned he and his wife would receive zero benefit from the change despite earning just a few dollars more than the $100,000 eligibility cap. For pension recipients participating in the direct deposit program, the check date/deposit date is the date on which your net benefit will be deposited in and available from your financial institution. In 2018, teachers contirbuted 6 percent of their salary to the pension fund, while the state contributed 32.04 percent. Influence, collaborate and recommend discussions with business partners. Bachelors degree in business management, mathematics, management information, finance, actuarial science, economics or other analytics related field preferred. The proratable retirement formula is: (CT service/10) x CT service x average salary. That includes people who have been in the job for years. Keith has spent most of his 31 years as a reporter specializing in state government finances, analyzing such topics as income tax equity, waste in government and the complex funding systems behind Connecticuts transportation and social services networks. The GOP has been calling for what would be the first income tax rate cut in Connecticut since the mid-1990s. Self Starter with Ability to Prioritize Multiple Deliverables.