General Assembly Proposed Bill No. 5116
January Session, 2011 LCO No. 479
Referred to Committee on Appropriations
Introduced by:
REP. SCHOFIELD, 16th Dist.
General Assembly
Proposed Bill No. 5116
January Session, 2011
LCO No. 479
Referred to Committee on Appropriations
Introduced by:
REP. SCHOFIELD, 16th Dist.
AN ACT CONCERNING STATE EMPLOYEE RETIREMENT BENEFITS.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
That chapters 66 and 67 of the general statutes be amended: (1) To prohibit future state employee bargaining agreements from including overtime pay in the calculation of salary, as defined in subsection (h) of section 5-154 of the general statutes, for purposes of determining retirement income; (2) for any future retiree, (A) to prohibit the inclusion of expense or mileage reimbursements in the calculation of salary, as defined in subsection (h) of section 5-154 of the general statutes, for purposes of determining retirement income, and (B) to cap payment of Medicare Part B premiums at the basic premium amount, with any additional premium amount required for higher-income beneficiaries to be paid by the retiree; and (3) for newly-hired state employees and state employees that currently have less than five years of state service, including members of the state police, to permit payment of full retirement income only upon (A) completion of twenty-five years of state service and attainment of the age of sixty-two, or (B) completion of less than twenty-five years of state service and attainment of the age of sixty-five.
Statement of Purpose:
To end abusive pension practices and reduce future state pension costs.