Loading chat...
CT SB00450
Bill
Status
Introduced
1/21/2011
Primary Sponsor
John McKinney
Click for details
AI Summary
- Increase all state employees' and officials' pension contributions, effective immediately for exempt employees and for those in newly negotiated collective bargaining agreements
- Change pension calculation from the three highest-paid years to the five highest-paid years of state service
- Cap cost-of-living adjustments at lower levels for state employee pensions
- Create a defined contribution plan for new state employees instead of traditional defined benefit pensions
- Increase retirement age for employees in Tiers II and IIA and eliminate longevity payments and overtime from pension calculations
Legislative Description
An Act Creating Parity Between State And Private Pension Plans.
Last Action
Referred to Joint Committee on Appropriations
1/21/2011
Committee Referrals
Appropriations1/21/2011
Full Bill Text
No bill text available