Connecticut House Bill HB05001

Connecticut 2017 Regular Session

• Introduced: 1/4/17
• Refer: 1/4/17

Caption

An Act Preventing Overtime Payments From Being Used To Calculate The Retirement Income Of State Employees.

Impact

If enacted, HB 5001 would have significant implications for the way retirement incomes are calculated for state employees. By excluding overtime from the base salary calculations, the bill seeks to create a more sustainable pension system. This move is expected to help control costs associated with retirement payouts, ensuring that future pension liabilities do not exacerbate budgetary challenges. While the bill aims to enhance fiscal responsibility in the management of state employee pensions, it may also face scrutiny regarding its fairness and impact on employee compensation.

Summary

House Bill 5001 is a proposed legislative measure in the State of Connecticut that aims to amend the computation of retirement income for state employees. The bill's primary focus is to exclude overtime payments from calculations related to the base salary used for determining retirement benefits. The intent behind the bill is to mitigate the potential inflation of pension obligations, which can strain state resources over time. The measure is introduced by Representative Petit from the 22nd District and is assigned to the Appropriations Committee for consideration.

Contention

The legislation is likely to spark debate over fairness, particularly among unions and advocacy groups representing state workers. There are concerns that excluding overtime could unfairly penalize those who earn overtime due to their work responsibilities. Critics may argue that the bill could diminish the overall retirement security for state employees who rely on overtime to supplement their income. As discussions involving budget management and pension reform continue, the balance between controlling costs and ensuring fair compensation will be a pivotal aspect of the legislative discourse surrounding HB 5001.