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CT SB00639

Bill

Official Source

Status

Introduced

1/25/2017

Primary Sponsor

Leonard Fasano

Click for details

Origin

Senate

2017 General Assembly

AI Summary

  • Excludes overtime compensation from retirement benefit calculations for municipal employees
  • Increases the retirement age from current levels to 62 years old
  • Limits cost-of-living increases for retirees to a range between 0% and 4% annually
  • Increases employee contribution rates to the Municipal Employee Retirement System
  • Creates a new pension tier for newly eligible employees that aligns with the State Employee Retirement System Tier III structure

Legislative Description

An Act Concerning The Municipal Employee Retirement System.

Last Action

Referred to Joint Committee on Labor and Public Employees

1/25/2017

Committee Referrals

Labor and Public Employees1/25/2017

Full Bill Text

No bill text available