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CT HB05695

Bill

Official Source

Status

Introduced

1/17/2017

Primary Sponsor

Charles Ferraro

Click for details

Origin

House of Representatives

2017 General Assembly

AI Summary

  • Requires retirement income for state employees hired on or after the bill's effective date to be calculated using a cost-averaging basis over the last ten years of employment
  • The ten-year averaging period applies regardless of any interagency transfers during an employee's tenure
  • Applies only to newly hired state employees, not existing employees
  • Intended to reduce state employee pension costs

Legislative Description

An Act Concerning The Calculation Of Retirement Income For Newly Hired State Employees.

Last Action

Public Hearing 03/24

3/17/2017

Committee Referrals

Appropriations1/17/2017

Full Bill Text

No bill text available