Connecticut House Bill HB05692

Connecticut 2017 Regular Session

• Introduced: 1/17/17
• Refer: 1/17/17

Caption

An Act Excluding Reimbursements To State Employees For Mileage And Payments For Overtime From The Calculation Of Retirement Income.

Impact

If enacted, HB 05692 will affect the retirement income calculation method, potentially leading to lower pensions for state employees upon retirement. By eliminating specific reimbursements and overtime payments from the calculation, the bill aims to generate savings in pension expenditures for the state. The long-term impact could include decreased financial liabilities associated with state-funded retirement plans, thus allowing for better allocation of state resources.

Summary

House Bill 05692 aims to amend the calculation of retirement income for state employees by excluding reimbursements for mileage and payments for overtime from the total salary considered. This legislative proposal is driven by the intent to reduce the overall pension costs associated with state employees. By adjusting the factors that contribute to determining retirement income, the bill seeks to alleviate some of the financial burdens currently placed on the state's pension systems.

Contention

The proposed bill may face opposition from various state employee unions and advocacy groups. These organizations may argue that the exclusion of mileage and overtime payments undermines the benefits that state employees have earned. Moreover, detractors could express concerns that this change disproportionately affects lower-paid employees who rely on these reimbursements as part of their overall compensation, thereby potentially leading to diminished morale among the state workforce.