Money

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:

AARP Connecticut wants more people to know about heating assistance programs to stay warm this winter.

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.

AARP Connecticut submitted to the Public Utilities Regulatory Authority (PURA) the names of nearly 2,400 Connecticut residents who signed a petition that opposes the Aquarion Water Company’s request to implement a rate increase that will raise the cost of water for Connecticut ratepayers by nearly 25% over three years.

Three Public Hearings in October Offer Ratepayers Opportunity to Provide Testimony

As temperatures rise and Connecticut residents rely heavily on air conditioning in their homes, AARP Connecticut seeks to educate consumers on how to prepare for, and protect against, the increasing costs of electricity and other utility expenses.