Finances 50+

AARP Connecticut submitted a petition signed by hundreds of members who support the draft decision by Connecticut’s Public Utility Regulatory Authority (PURA) that rejected United Illuminating Company’s rate increase request.

A new state law has launched MyCTSavings, a state-facilitated retirement savings option for private-sector workers.

AARP Connecticut State Director Nora Duncan provided the following statement in response to the biennial budget Governor Lamont proposed today:

AARP Connecticut submitted to the Public Utilities Regulatory Authority (PURA) a petition that was signed by thousands of Connecticut residents in the 17 towns serviced by United Illuminating Company opposing the utility provider’s request to implement a rate increase on the regulated delivery portion of electric bills. This will significantly raise the cost of electricity for Connecticut ratepayers, who already pay the highest retail electricity price in the continental United States, by nearly 15% over three years. If approved, the rate increase would be in addition to a significant increase in the cost of deregulated supply that will take effect on January 1, 2023.

AARP Connecticut is very concerned about the health and safety of state residents as we enter the winter months. Many of our members are on moderate, low, or fixed incomes, and they are being hit hard by inflation and the ongoing economic impacts of the pandemic.

Three Public Hearings in October Offer Ratepayers Opportunity to Provide Testimony

The following guest post was submitted by Nancy Schwartz, Founder and Transformational Strategist, Envision Healthy Retirement. AARP Connecticut urges people to consult with their doctor about their dietary needs.

AARP’s mission is to empower people to choose how they live as they age, and an important part of choosing how we live as we age is being able to choose where we live as we age. Most older adults want to remain in their own home and community as they age, but financial barriers and limited service options can make this difficult. We were pleased that the Connecticut legislature passed a state budget and several pieces of legislation that will support older adults who wish to age in place.

AARP Connecticut will work with lawmakers during the state’s 2022 legislative session to support and advocate on a variety of important policies and issues that affect residents and their families.

Tim Ryan, 68, retired from his job as finance director of a Fortune 500 company more than a decade ago, living comfortably thanks to a good pension and his contributions to an employer-sponsored 401(k) plan.