Money

Across the country, someone’s identity is stolen every two seconds. Fraud is an escalating crisis, with losses far exceeding what is reported. While $9 billion in fraud losses were reported in 2022, The Federal Trade Commission (FTC) estimates the true financial impact at $137 billion due to underreporting. The impact on victims and their families can be financially and emotionally devastating, especially for older Americans.

Last year the Federal Trade Commission recorded $10 Billion in reported fraud from U.S. consumers. Because fraud is underreported, we know that actual losses are much higher.

AARP Connecticut encourages potentially impacted ratepayers to voice their position on the rate increase requests.

Public Hearings in November and December Offer Ratepayers Opportunity to Provide Testimony

AARP Connecticut applauds the final decision by Connecticut’s Public Utility Regulatory Authority (PURA) to reject United Illuminating Company’s rate increase request. An approved increase would have significantly raised the cost of electricity for Connecticut ratepayers, who already pay the highest retail electricity price in the continental United States.

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.

AARP’s purpose is to empower people to choose how they live as they age. Many policy changes enacted this legislative session will help Connecticut residents do just that.

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

AARP Connecticut applauds the final decision by Connecticut’s Public Utility Regulatory Authority (PURA) to reject Aquarion Water Company’s rate increase request. PURA denied the 25% rate increase request after a lengthy regulatory proceeding and hearing from nearly 2,400 AARP members who signed a petition opposing the proposal. Nearly 1,800 AARP members urged PURA to make the February draft opinion final through a second petition.

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