General Assembly Proposed Bill No. 184
January Session, 2011 LCO No. 2244
Referred to Committee on Appropriations
Introduced by:
SEN. BOUCHER, 26th Dist.
General Assembly
Proposed Bill No. 184
January Session, 2011
LCO No. 2244
Referred to Committee on Appropriations
Introduced by:
SEN. BOUCHER, 26th Dist.
AN ACT CONCERNING THE "ANTI-SPIKING" PROVISION FOR CALCULATING STATE EMPLOYEE RETIREMENT INCOME.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
That section 5-162 of the general statutes be amended to change the limitation on covered earnings from one hundred thirty per cent of the average of the two previous years' covered earnings to one hundred eighteen per cent of such earnings for purposes of calculating state employee retirement income.
Statement of Purpose:
To reduce state pension costs by reducing the "anti-spiking" provision from thirty per cent to eighteen per cent over the previous two years' earnings.