Office of the State Comptroller Retirement Services Division

Tier I - Retirement Basics
Updated February 2018

• Introduction
• Plan Membership
• Eligibility Requirements
• Benefit Calculation
• Survivor Benefits
• Insurance: Health, Dental, and Life
• The Retirement Process
• Sources of Information

Introduction

Welcome to the Tier I Retirement Counseling Workshop. Our goal is to provide the same information in this setting that we provide in our traditional counseling sessions. This is not meant to cover every retirement provision or detail. But rather, this is a general explanation of the most important retirement issues and considerations. This workshop incorporates the latest changes to the Tier I retirement plan as a result of SEBAC 2017 agreement.

If you fall within our target audience-current Tier I state employees transitioning directly from state employment into retirement-we hope to provide you with the information you will need to make informed retirement decisions.

While this workshop is meant to be helpful and informative, nothing contained in it should be considered a promise or contract. The applicable retirement statutes, regulations, and decided cases that construe them are the governing law. The Retirement Services Division reserves the right to revise, change or revoke without notice the information, rules and procedure detailed in this workshop.

Plan Membership

• Tier I is a contributory defined benefit retirement plan
   
• Generally, Tier I applies to state employees first hired prior to July1, 1984, who elected and have maintained membership.
   
• There are 3 different plans in Tier I (Plans A, B, and C)
  • Plan A members contribute:
    • 3% more than Plan B members on their state salary and do not participate in Social Security
       
  • Plan B members contribute:
    • Prior to July 1, 2017, Tier I Plan B members contributed 2% of their state salary on which Social Security taxes are withheld. As part of the SEBAC 2017 Agreement, contributions increased, please refer to the agreement in the link below for more information.
    • Prior to July 1, 2017, Tier I Plan B members contributed 5% of their state salary on which Social Security taxes are not withheld. As part of the SEBAC 2017 Agreement, contributions increased, please refer to the agreement in the link below for more information.
    • Plan B members will have their state pensions reduced by a small amount (the Plan B Reduction) upon reaching the full Social Security Age (Age 66 for those born between 1943 and 1954). http://www.ssa.gov/retire2/agereduction.htm
       
  • Plan C members contribute:
    • Prior to July 1, 2017, Tier I Plan B members contributed5% of their total state salary and participate in Social Security with no adjustments. As part of the SEBAC 2017 Agreement, contributions increased, please refer to the agreement in the link below for more information.
      
      SEBAC 2017 Agreement
       
• The majority of Tier I members participate in Plan B. Plan A has been closed to new members since 1973.

Eligibility Requirements

• Assuming a direct transition from state service into retirement, any Tier I member with a minimum of 10 years of Actual State Service may retire as early as the first of the month following their fifty-fifth birthday.
   
• Please refer to the following chart for the specific eligibility requirements for the various types of retirement.

* Members who left state service after satisfying the minimum service credit requirement, but before satisfying the minimum age requirement.

Benefit Calculation

• Tier I Benefit Formula and Factors
• Tier I Benefit Estimator
• Retirement Service Credit
• Part-Time Service
• Average Salary
• Plan B Reduction
• Cost of Living Adjustment

Tier I Benefit Estimator:

• Please refer to the following benefit estimator if you would like to obtain an estimate of your potential Tier I benefit under different scenarios: (Tier I benefit estimator)

Tier I Benefit Formula and Factors:

• The amount of your monthly benefit is "defined" by a formula which takes into account your years of retirement service credit, your average salary, your age, and your plan membership.
   
• The following formula applies to all members of Tier I (although Plan B members will be subject to a modest reduction upon reaching the full Social Security age):

Benefit Rate:

• Benefit Rate: Your years of service and your age will determine your Benefit Rate.
  • If you have more than 25 years of service, or if you are over the age of 65, your benefit rate is a full 2% for each year of service.
     
  • If you are under the age of 65, your benefit rate will be determined by the combination of your age and years of service based on the following chart: http://osc.ct.gov/empret/tier1summ/docs/Tier1BenefitPercentageChart.pdf
     
• Percent of Entitlement: Under the Tier I formula, you are entitled to a specific percentage of your average salary. This percentage is determined by multiplying your benefit rate by your years of credited service.

Retirement Service Credit:

• Retirement Service Credit Includes:
  • All periods of service for which you have paid retirement contributions.
     
  • Periods of creditable workers' compensation.
     
  • Your service credit will be extended if you receive a payout for any unused vacation days upon your retirement/separation from state service.
     
  • Properly documented voluntary leave taken after 6/9/94 counts as free retirement service credit.
     
  • Any periods of purchased service credit will be included in your total retirement service credit.
     
    • Please refer to the Tier I summary plan description for further information regarding possible retirement service credit purchase opportunities:
      http://osc.ct.gov/empret/tier1summ/docs/Tier1CreditforPurchasedService.pdf
       
• Retirement Service Credit Excludes:
  • Any periods for which you have not paid retirement contributions, this may include:
    • Un-purchased leaves of absence without pay;
       
    • Periods for which you exclusively received non-creditable workers' compensation payments;
       
    • Periods of state service for which you did not participate in Tier I; or
       
    • Periods for which you participated in Tier I but later refunded your retirement contributions.
      

Part-Time Service:

• If you have had part-time service, you should know that:
  • your part-time service will be treated as full-time service when determining your eligibility to retire and your benefit rate (as determined by the Tier I rate chart).
     
  • your retirement income will be calculated to produce a benefit which reflects the portion of a full-time schedule you worked throughout your state employment.
     
• Example:
  • Lets assume a retiree worked part-time at 50% of a full-time schedule for 10 years
    • For determining eligibility and your benefit rate from the chart, we will use 10 years.
       
    • However, when calculating your percent of entitlement, we will use 5 years (the full-time equivalent of working 50% of full-time for 10 years).
       

Average Salary

• Your average salary is the average of your 3 highest paid years of service.
   
• Any 1 period of 12 consecutive months equals 1 year.
   
• Although for the majority of retirees the average salary is the average of the last 36 months of employment, when calculating your average salary the 3 years don't have to be consecutive years or calendar years.
   
• A small percentage of retirees may find themselves subject to the 130% or 150% Cap provision:
   
  • When calculating your average salary, no one year's earnings can be greater than 130% of the average of the two preceding years. this excludes mandatory overtime earnings. Effective 7/1/2014, no one year's earnings can be greater than 150% of the average of the two preceding years when including mandatory overtime earnings.
    

Plan B Reduction

• If you are a Plan B member, your benefit may be subject to a slight reduction.

• There are only 2 triggers for the Plan B reduction. The Plan B reduction will commence:
  • When you reach your full social security age, or
  • If you receive a Social Security Disability Award at any point.
     
• Regardless of whether you collect your non-disability Social Security benefit early (prior to reaching your full social security age) or late (beyond your full social security age), the Plan B reduction kicks in based on you attaining your full social security age.
  • Please refer to the Social Security Administration's website for information regarding your full social security age.
    http://www.ssa.gov/retire2/agereduction.htm
     
• You can determine the amount of your Plan B reduction by taking one half of your percent of entitlement and then applying the resulting percentage to a fixed statutory figure of $4,800.00.
   
• Formula:

• Example:
  • The percent of entitlement for a Tier I member with 30 years of service is 60% (2% x 30 years of service). Therefore, the corresponding annual Plan B Reduction for a Tier I member with 30 years of service would be $1,440.00 per year or $120.00 per month.
    • 1/2 x 60% Percent of Entitlement (= 30%) x $4,800.00 = 1,440.00

• Tier I Benefit Estimator: The following benefit Estimator provides estimates of the Plan B Reduction:
  (Tier I benefit Estimator)
  
  

Cost of Living Adjustment
 

• Your pension is subject to an annual Cost of Living Adjustment (COLA).
   
• For retirements prior to June 30, 2022, these cumulative raises will be paid each year on either January 1st or July 1st depending on your date of retirement (DOR).
   
• For retirements July 1, 2022 forward, these raises will be based on the language in the 2017 SEBAC agreement .
   
• Currently you must be retired at least 9 full months in order to qualify for your first raise(COLA).
   
• Thereafter, your annual cost of living adjustment will be paid on the COLA anniversary date, which corresponds with your DOR.
   
• Your COLA will range from a minimum of 2% to a maximum of 7.5% based on the following formula which takes into account a portion of the increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) for the 12 months immediately preceding your COLA anniversary date:

60% of the annual CPI-W increase up to 6%

PLUS

75% of the annual CPI-W increase above 6%

Survivor Benefits

• Overview
• Option D - Straight Life Annuity
• Option A - 50% Spouse
• Option B - 50% or 100% Contingent Annuitant
• Option C - 10 Year or 20 Year Period Certain
• Spousal Waiver
• Benefit Payment Options and Health Insurance

Overview

• The survivor option dictates what benefits, if any, are payable after your death.
  • This choice will determine whether the state will continue to pay pension checks and/or health insurance coverage for your eligible dependents after your death.
     
• When you retire you must select one of 4 different income payment options (Survivor Options).
  • Option D - Straight Life Annuity
  • Option A - 50% Spouse
  • Option B - 50% or 100% Contingent Annuitant
  • Option C - 10 Year or 20 Year Period Certain
     
• This choice is irrevocable.
  • You will not be able to switch to another option once your pension goes into pay status.
     
• Regardless of the option you choose, you will receive a monthly pension for the rest of your life, and, if you qualify for health insurance as a benefit, the health insurance coverage will extend to your eligible dependents so long as you are alive.
   
• The cost of selecting a survivor option varies according to the option you choose; the age you are closest to retirement; and, in some cases, the age your survivor is closest to at the time of retirement. For an estimate of the cost under any of the different survivor options please refer the following benefit Estimator: (Tier I benefit Estimator)

Option D - Straight Life Annuity

• This option pays you the maximum monthly benefit for your lifetime only.
  • All benefits will end upon your death, including state-sponsored health insurance for any surviving eligible dependents.

Option A - 50% Spouse

• This benefit guarantees a monthly benefit and, if eligible, state-sponsored health insurance  (assuming  your spouse remains an eligible dependent) for you and your spouse.
   
• This option will pay you a reduced benefit for your lifetime in exchange for the protection that, should you pre-decease your spouse, the State will continue to pay 50% of your reduced benefit for your spouse's lifetime.
   
• Your benefit will be reduced by a factor that accounts for the age you and your spouse are closest to at the time of retirement.
   
• If eligibility requirements are met, this option applies to retirees who have been married for at least one year.
   
• Under no circumstances can you change options or replace your spouse with another annuitant.

Option B - 50% or 100% Contingent Annuitant

• This option provides you a reduced monthly benefit for your life and allows you to guarantee lifetime payments after your death to any one person. After your death, a percentage of your reduced benefit, either 50% or 100%, whichever you choose, will continue for your contingent annuitant's life.
   
• Your benefit will be reduced by a factor that takes into account the level of protection you are guaranteeing (50% or 100%) along with the age you are closest to and your spouse is closest to at the time of retirement..
   
• Your contingent annuitant can be any one person. This person does not need to be a spouse or a family member, although you are free to name a spouse under this option.
   
  • Please note: If you choose a 100% survivor option for a non-spouse who is more than 10 years younger than you, IRS provisions may further limit the monthly amount payable to your named contingent annuitant after your death. See 26 C.F.R. ? 1.401(a)(9)-6
     
• If eligibility  requirements are met, this option will also provide lifetime health insurance to any contingent annuitant who qualifies as your eligible dependent.
   
• Under no circumstances can you change options or substitute your contingent annuitant.

Option C - 10 Year or 20 Year Period Certain

• This option provides you a reduced monthly benefit for your lifetime in exchange for the guarantee that monthly benefits will be paid for at least 10 or 20 years from your retirement date (whichever you choose).

• If you should die within 10 years (120 payments) or 20 years (240 payments) from your date of retirement, the remaining payments, in accordance with your selection, will be made to your contingent annuitant(s).
  • This is the only option that allows you to name more than one contingent annuitant, each of whom would receive any remaining monthly payments in equal shares.
     
• Your benefit will be reduced by a factor that takes into account the period of time for which you are providing protection and the age you are closest to at the time of retirement. Under this option, the age of your contingent annuitant(s) does not impact the amount of your monthly benefit.
   
• Your named contingent annuitant(s) will only receive benefits under this option if you die within the protected period.
  • This option provides no guarantee of benefits to anyone other than the retiree beyond the protection period.
     
  • Although your pension (including health insurance for any eligible dependents) will continue for your lifetime, if you die after the State has paid all of the guaranteed payments, all benefits will end upon your death (including health insurance for any eligible dependents).
     
• If your contingent annuitant dies before you, and the protection period has not expired, you may name a new contingent annuitant.
   
• Under no circumstances can you change option.

Spousal Waiver

• If you have been married for at least 1 year prior to your date of retirement, in order for you to select an option which does not provide your spouse with lifetime protection, your spouse must consent by completing a spousal waiver form.

Benefit Payment Options and Health Insurance

• Regardless of the option you choose, if you qualify for health insurance as a benefit, the health insurance coverage will extend to your eligible dependents so long as you are alive.
   
• Your option choice will determine whether health insurance continues for any eligible dependents after your death. In order to qualify for the continuation of health insurance benefits after your death, your surviving contingent annuitant must:
  • Must meet the eligibility requirements to receive health insurance benefits, AND
     
  • Must be entitled to continued monthly payments

Insurance: Health, Dental, and Life

• General Eligibility Requirements
• Open Enrollment
• Available Health Insurance Plans - In-State Retirees
• Available Health Insurance Plans - Out-of-Area Retirees
• Medicare's Impact on Retiree Health Insurance
• Available Dental Plans
• Group Life Insurance

General Eligibility Requirements for Health and Dental Insurance:

• Generally, Tier I members who qualify for health and dental insurance as an active employee will were covered by state-paid health and dental benefits immediately prior to retirement will be eligible for health and dental insurance in retirement.

Open Enrollment

• When you retire you will have your own open enrollment period during which you can choose among any of the available plans and add or drop dependents.
   
• Thereafter, each year there will be an annual open enrollment during which you can switch between plans and add or drop dependents.
   
• However, you may make changes to your insurance coverage at any point if there is a qualifying event, for example: getting married, having a child, or moving outside the geographic coverage area of your existing plan.

Available Health Insurance Plans - In-State Retirees

• In-state retirees choose among the same health insurance plans they had access to as active employees. In most cases these plans will be offered at a lower cost (possibly at no cost) in retirement.
   
• Anthem and UnitedHealthcare Oxford offer three levels of coverage:
  • Point of Service (POS)
  • Point of Enrollment (POE)
  • Point of Enrolment Gatekeeper (POE-G)
     
• Retirees who have less than 25 years of actual state service must pay premiums for all plans.
   
• Currently, in-state retirees who have 25 years of actual state service or more must pay for any of the POS plans, while the POE plans are offered at no cost for in-state retirees and their dependents. Please contact the Retiree Health Insurance Unit regarding the requirements of actual state service.
   
  • Current year POS retiree premium shares are available by following this link.




• For specific information regarding the plans currently offered, please refer to the retiree's health insurance planner: 
  • Health Care Options for Retirees   (PDF)

Available Health Insurance Plans - Out-of-Area Retirees:

•  As a general rule, retirees who are not Connecticut residents may choose from the following Out-of-Area plans:
  • Anthem Out-of-Area
  • UnitedHealthcare Oxford USA Out-of-Area plan
     
• Currently, retirees who have 25 years of actual state service or morethere is no premium charge for those enrolled in an Out-of-Area plan.
• Retirees who have less than 25 years of actual state service must pay premiums for all plans. Please refer to the following link for premiums:
  • Insurance Rate Chart November 1st 2017 through June 30th 2018 (PDF)

Health Enhancement Program (HEP)

• The SEBAC 2011 agreement introduced a new program to enhance your ability to
  make the most informed decisions regarding your health
• Your participation in this program is voluntary. Your HEP status as an active employee will follow you into retirement.
• Retirees not participating in the HEP are subject to an additional $100 monthly insurance premium and an annual deductible of $350 per person. Maximum family deductible is $1,400.
• Your agency Human Resource area or the Healthcare Policy and Benefit Services
  Division can answer specific questions regarding this program.
• Currently, once you are on Medicare, HEP no longer applies.

Medicare's Impact on Retiree Health Insurance:

• Once you and or your eligible dependent becomes eligible for Medicare (which typically occurs at the age of 65 but may occur earlier under certain circumstances), you and or your eligible dependent will need to enroll in Medicare.
  
  
  • In order to maintain full health insurance coverage as a Medicare eligible retiree or dependent, you will need to enroll in Medicare Parts A and B. This is true regardless of whether you have actually commenced collecting Social Security benefits.
  • The State currently reimburses 100% of the normal cost of Medicare Part B for the retiree and eligible dependents.
  • You may be required to pay higher premiums due to Income Related Monthly Adjustment Amount (IRMAA). Currently if you provide the Retiree Health Insurance Unit with a copy of your annual IRMAA letter they will reimburse you for the higher premiums.
  • You only need to enroll in Medicare Parts A and B. Do not enroll in Medicare's prescription drug plan (Part D). Doing so would cause your State of Connecticut medical and pharmacy coverage to end for you and your eligible dependents. Your state plan will continue to cover your prescriptions. 
  • Provided you have sent a copy of your Medicare Parts A and B card, you will receive a Medicare Advantage card in the mail. This card replaces all your previous health insurance and prescription cards. You will use this one card for all your medical and prescription services going forward

Available Dental Plans

• Unlike retiree health insurance, your residency will not dictate the dental plans available to you in retirement.
   
• All retirees have access to the exact same dental plans offered to active employees.
   
• Currently, the following dental plans are offered to active employees and retirees alike:
  • Basic
  • Enhanced
  • DHMO
     
• Your dental coverage is subject to a retiree premium share in retirement.
  • Dental Rate Chart July 1st 2017 through June 30th 2018 (PDF)

Group Life Insurance

• If you participate in the state-sponsored basic group life insurance plan as an active employee, you will qualify for a paid-up policy in retirement.
   
• This benefit only applies to the basic group life insurance policies. It does not extend to other supplemental life insurance plans offered through the state.
   
• If you have 25 years or more actual state service:
  • You will receive a paid-up policy reduced to one-half of your basic coverage
     
• If you have less than 25 years actual state service:
  • You will receive a prorated paid-up policy, based on your years of completed service.
     
• You may convert remaining portion at your own expense without evidence of insurability if you act within 30 days of retiring.

The Retirement Process

• Notification to Agency
• Required Forms
• Audit Process
• Pension Checks
• Agency Payouts
• Re-Employment
• 5-142(a) Disability Compensation
• Counseling Services
• Other Resources

Notification to Agency

• Your agency is responsible for completing your retirement paperwork and submitting these forms to the Retirement Services Division for processing.
   
• Generally, we suggest that you notify your agency in writing 60 to 90 days prior to your anticipated date of retirement. You should send copies to:
  • Your human resources office,
  • Your payroll office, and
  • Your supervisor or director.
     
• Your effective retirement date can only be the first of a month.
   
• Your completed retirement application must be received in the Retirement Division no later than the close of business on the last business day prior to your Date of Retirement.

Required Forms

• Forms Your Agency Will Provide:
  • Your agency will provide most of the required retirement forms. These forms include: your retirement application, an income payment election form, a health and dental enrollment form, a spouse waiver form, state and federal tax forms, and a direct deposit form.
     
  • The following forms are available on-line at: http://osc.ct.gov/rbsd/forms.html
    • CO-898 - Application For Retirement Benefits
    • CO-899 - Income Payment Election Form - Option A - 50% Spouse
    • CO-900 - Income Payment Election Form - Option B - 50% Or 100% Survivor
    • CO-901 - Income Payment Election Form - Option C - 10 To 20 Years Period Certain
    • CO-902 - Income Payment Election Form - Option D - Straight Life Annuity
    • CO-1047 - Spouse Waiver Of Monthly Survivor Benefits
      
       
• Forms You Will Need to Provide:
  • You will need to provide a copy of your birth certificate.
    • If you choose a survivor option which provides a lifetime benefit to a contingent annuitant, you will need to provide a copy of your contingent annuitant's birth certificate.
    • If you are married, you will need to provide a copy of your marriage certificate or license.
       
  • If you or any of your eligible dependents are currently on Medicare, you will need to provide copies of your Medicare membership cards.

Audit Process

• Retirement Division auditors will perform a preliminary audit of your entire retirement record and establish your preliminary benefit. You will receive your first retirement check at the end of the month in which you retire and at the end of each month thereafter.
   
• The audit process to determine your exact retirement benefit takes some time; therefore, you will be paid at an estimated level until the audit is completed. When your exact retirement benefit has been computed and verified, your income will be adjusted for the difference between your preliminary benefit and your permanent benefit update amount retroactive to your retirement date.
   
• If it takes more than 6 months to calculate your permanent benefit update, the Retirement Services Division will pay you 5% interest on any amount owed to you beyond the initial 6-month processing window.

Pension Checks

• Retirement checks are paid monthly at the end of the month.
   
• Your pension is taxable income. All retirees are subject to federal taxes. Whether you pay state tax may depend on the state you live in as a retiree.  If you reside in Connecticut you must complete the CT W4P form or your tax rate will default to the maximum default rate (which was 6.99% in 2018). For more information regarding any obligation to pay Connecticut state taxes please contact the Department of Revenue services.
  http://www.ct.gov/drs/site/default.asp
   
• Many deductions you pay as an active employee will end in retirement:
  • you will no longer pay Social Security or Medicare taxes;
  • your retirement contributions will end; and
  • union dues are no longer mandatory in retirement.
     
• Most retirees will be required to pay only federal tax, state tax, and monthly dental premiums. You may pay for health insurance if you select a health insurance plan which requires a monthly premium or if you have less than the 25 years of actual state service.
  • There are a select few "optional" deductions, which can be taken directly from your retirement check including the following examples:
    • Some Credit Union Deposits
    • Campaign for Charitable Giving
    • Retiree Union

Agency Payouts

• When you retire you may be entitled to certain payouts. The following payments will be paid by your agency not by the retirement division:
   
  •  When you retire, your active pay will finally "catch up" to you. In the first month of retirement, most retirees will receive one last full active paycheck and one partial paycheck representing any days worked into the last pay period.
     
  • If you are still paid longevity, you will also receive a final pro-rated longevity check representing the number of months you have worked into the next longevity cycle.
     
  • If you have vacation or sick time remaining on the books when you retire, your agency will pay you (at your terminating rate of pay):
    • the value of your entire vacation balance, and
    • 25% of your sick leave balance, up to a maximum of 60 days

Re-Employment

• Once you retire from state service, provided you do not go out under a state disability retirement, the state has no limitations on your outside employment. So long as you do not return to a state payroll, you can work as much as you want and earn as much as you want without impairing your Connecticut state pension.
   
• In certain special circumstances, you may return to active state employment while retaining your full state pension. If you are able to secure a state position in the future, you may return to state service so long as you return to a temporary position and you work no more than the equivalent of 120 working days per calendar year.
   
• You may also return to state service with no restrictions by rescinding your initial retirement. (This assumes that you have independently secured a state position.) If you return to state service in a permanent position, your retirement benefits must cease, and after 6 months of re-employment you will return to Tier I and build credit towards a future retirement above and beyond what you had accrued prior to your initial retirement.

5-142(a) Disability Compensation

• On occasion, a retiree may begin to receive disability compensation payments under CGS Section 5-142(a) as a result of an old work related injury. State statutes specifically prohibit the receipt of disability payments under CGS Section 5-142(a) while receiving a state pension. Pension payments must stop while a retiree receives this type of disability payment.
   
• If you should become eligible to receive disability payments under CGS Section 5-142(a) after your state pension has begun, call the Retirement Services Division immediately so that you can avoid any overpayment of benefits.

Sources of Information

Counseling Services:

• The Office of the State Comptroller provides group counseling services for prospective SERS retirees. We suggest that counseling appointments should be made a minimum of 12 -15 months prior to your anticipated date of retirement. Generally, appointments are reserved for members who are planning to retire within the next 1-year period.
   
• Attending a counseling session is not required by everyone. The Counseling Unit can also answer most general retirement questions by phone. If you have additional retirement questions or would like to arrange for group counseling, feel free to contact the Counseling Unit at (860) 702-3490.

Other Resources:

• Summary Plan Descriptions
  • Summary Plan Descriptions/Tier Booklets provide more detailed plan information and are available online
    • Tier I: http://osc.ct.gov/empret/tier1summ
• Tier 1 Benefit Calculator
  • (link to Tier1 benefit calculator)
     
• Retiree Health Insurance Planner
  • Health Care Options for Retirees   (PDF)
      
• Social Security Administration
  • The Social Security Administration provides Personal Earnings and Benefit Estimate Statements annually and also upon request. You may request a statement by (1-800-772-1213) or online www.ssa.gov
     
• Internal Revenue Service Retirement Information
  • http://www.irs.gov/retirement/index.html?navmenu=menu1
     
• Connecticut Department of Revenue Service
  • For information regarding your obligation to pay state taxes on your state pension please contact the Connecticut Department of Revenue Services by phone (860) 297-5962 or online http://www.ct.gov/drs/site/default.asp
     
• Prudential Retirement-Deferred Compensation
  • If you participate in the State's Deferred Compensation Plan, please direct your questions regarding your account to Prudential Retirement directly. Prudential Retirement account representatives are available by phone at (844) 505-7283 or online www.CTdcp.com.

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