Connecticut 2019 Regular Session

Connecticut House Bill HB05680 Compare Versions

Only one version of the bill is available at this time.
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33 LCO No. 766 1 of 1
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55 General Assembly Proposed Bill No. 5680
66 January Session, 2019
77 LCO No. 766
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1010 Referred to Committee on APPROPRIATIONS
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1313 Introduced by:
1414 REP. FERRARO, 117th Dist.
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1818 AN ACT CONCERNING THE CALCULATION OF RETIREMENT
1919 INCOME FOR NEWLY HIRED STATE EMPLOYEES.
2020 Be it enacted by the Senate and House of Representatives in General
2121 Assembly convened:
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2323 That the general statutes be amended to require, for any state 1
2424 employee hired on or after the effective date of this act, that such 2
2525 employee's retirement income be calculated on a cost-averaging basis 3
2626 over the last ten years of the employee's state employment, irrespective 4
2727 of interagency transfers. 5
2828 Statement of Purpose:
2929 To reduce state employee pension costs.