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CT HB05177

Bill

Official Source

Status

Introduced

2/16/2012

Primary Sponsor

Lawrence Cafero

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Origin

House of Representatives

2012 General Assembly

AI Summary

  • Increases all state employees' and officials' contributions toward their pensions, effective immediately for exempt employees and for future collective bargaining agreements
  • Changes retirement income calculation from three highest-paid years to five highest-paid years of state service
  • Caps cost-of-living adjustments at lower levels for state employee pensions
  • Creates a defined contribution plan for new state employees as an alternative to traditional pension plans
  • Increases retirement age for state employees in Tiers II and Tier IIA, and eliminates longevity payments and overtime from pension calculation formulas

Legislative Description

An Act Creating Parity Between State And Private Pension Plans.

Last Action

Referred to Joint Committee on Appropriations

2/16/2012

Committee Referrals

Appropriations2/16/2012

Full Bill Text

No bill text available