By Christine Stuart
HARTFORD, Conn. – In what may seem to cynics like another attempt to win back the support of school teachers, Gov. Dannel P. Malloy proposed exempting 50 percent of teachers’ pension from state income tax.
The proposal will cost the state $23.1 million in 2015 and $23.7 million in 2016.
“This is an item I’ve wanted to do since 2006 when I first met with a group of retirees and realized they were treated so unfairly,” Malloy said.
He pointed out that teachers do not receive Social Security, so their pension is generally their only form of income. But most state’s with an income tax, tax teachers’ pensions. There are only five states that don’t tax teacher pension income, according to a report by the Office of Legislative Research.
Read the full story at Ct News Junkie
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