Connecticut 2017 Regular Session

Connecticut House Bill HB05847

Introduced
1/19/17  

Caption

An Act Eliminating Reimbursements To Legislators For Mileage From The Calculation Of Retirement Income.

Impact

The implications of HB 5847 could be significant for the state's retirement system and budget. By eliminating mileage reimbursements from retirement income calculations, the state could reduce its overall pension liability. This change would not only affect the financial forecasting of pension requirements but potentially result in saved costs that could be redirected to other pressing state services. Moreover, the bill aligns with ongoing efforts to reform state expenditures and enhance fiscal responsibility.

Summary

House Bill 5847 proposes an amendment to chapter 66 of the general statutes concerning how legislators' mileage reimbursements are factored into retirement income calculations. Specifically, the bill seeks to exclude any mileage reimbursements that legislators receive from the base salary used to determine their retirement benefits. This legislative change aims to alleviate the financial burden on the state's pension system, which has faced increasing liability issues in recent years.

Contention

There may be points of contention surrounding HB 5847, particularly regarding the fairness of eliminating mileage reimbursements as part of retirement calculations. Some legislators might argue that this move unfairly penalizes them for the costs associated with fulfilling their duties. On the other hand, proponents of the bill may highlight the necessity of such reforms in the face of growing budgetary pressures and the importance of maintaining a sustainable pension system. The debate could reflect broader themes of government accountability and the prioritization of taxpayer interests within public service compensation.

Companion Bills

No companion bills found.

Previously Filed As

CT HB05085

An Act Eliminating The Personal Income Tax On Individual Retirement Account Distributions.

CT SB00032

An Act Eliminating The Earned Income Tax Credit.

CT HB05108

An Act Eliminating The Qualifying Income Thresholds For The Personal Income Tax Deduction For Pension Or Annuity Income.

CT HB05402

An Act Excluding From Veterans' Income Calculations Certain Benefits Payments For Purposes Of Eligibility For Certain State And Municipal Programs.

CT SB00031

An Act Eliminating The Qualifying Income Thresholds For The Personal Income Tax Deductions For Social Security Benefits And Pension Or Annuity Income.

CT HB05067

An Act Eliminating The Personal Income Tax On Social Security Benefits And Pension Or Annuity Income.

CT HB05106

An Act Eliminating The Qualifying Income Thresholds For The Personal Income Tax Deductions For Social Security Benefits And Pension Or Annuity Income.

CT HB05037

An Act Eliminating The Personal Income Tax On Social Security Benefits And Pension Or Annuity Income And The Estate And Gift Taxes.

CT HB05045

An Act Eliminating The Fee For Certain Vehicles Exempt From Emission Inspections.

CT SB00205

An Act Eliminating Income And Asset Limits In The Med-connect Program For Employees With Disabilities.

Similar Bills

No similar bills found.