The state agency that oversees benefits for 32,000 retired Connecticut teachers came under fire again Thursday from the state auditors. Among other things, it failed to keep track of $50 million owed to a retirement health care program throughout most of 2012 and 2013.
Connecticut teachers’ retirement board
Posted inEducation, Money
Despite one big miss, most CT teachers’ pensions were delivered
The state failed to deliver teacher pension funds over the past decade in just 15 of more than 7,800 cases involving deaths – a failure rate of less than one-fifth of 1 percent, according to an interim report filed Monday.
Posted inMoney, Politics
Malloy, Cafero displeased with pension gaffe explanation
Gov. Dannel P. Malloy said Friday he’s not satisfied with one agency’s explanation about how it failed for five years to deliver – or even attempt to contact – a teacher’s pension beneficiary owed almost $200,000. And the top Republican in the House of Representatives said it might be time for an independent review of the state Teachers’ Retirement Board.