Money

Scammers are continually perfecting their scams, getting more sophisticated, learning new techniques with new technology, and honing their methods to better manipulate their targets. If we really want to keep ourselves - and our money - safe from fraud, we must all come to terms with one thing: our personal information is likely already out there.

AARP Connecticut urges the Public Utilities Regulatory Authority (PURA) to deny the proposal by Yankee Gas Services Company d/b/a Eversource Energy to implement a rate increase that will significantly raise the cost of natural gas for Connecticut residential customers. The complete testimony submitted to PURA by AARP Connecticut is below.

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.