Old | New | Differences | |
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1 | 1 | ||
2 | 2 | ||
3 | 3 | LCO No. 431 1 of 1 | |
4 | 4 | ||
5 | 5 | General Assembly Proposed Bill No. 106 | |
6 | 6 | January Session, 2019 | |
7 | 7 | LCO No. 431 | |
8 | 8 | ||
9 | 9 | ||
10 | 10 | Referred to Committee on APPROPRIATIONS | |
11 | 11 | ||
12 | 12 | ||
13 | 13 | Introduced by: | |
14 | 14 | SEN. BERGSTEIN, 36th Dist. | |
15 | 15 | ||
16 | 16 | ||
17 | 17 | ||
18 | 18 | AN ACT CONCERNING THE RECALCULATION OR CAPPING OF | |
19 | 19 | CERTAIN STATE EMPLOYEE PENSIONS. | |
20 | 20 | Be it enacted by the Senate and House of Representatives in General | |
21 | 21 | Assembly convened: | |
22 | 22 | ||
23 | 23 | That the general statutes be amended to enact pension reform by 1 | |
24 | 24 | either (1) requiring the recalculation of all pensions above one hundred 2 | |
25 | 25 | thousand dollars per year based on the employee's salary over the final 3 | |
26 | 26 | five years of employment, excluding any payments for overtime, or (2) 4 | |
27 | 27 | capping state employee pensions at one hundred twenty thousand 5 | |
28 | 28 | dollars per year. 6 | |
29 | 29 | Statement of Purpose: | |
30 | 30 | To lower state employee retirement costs by capping or recalculating | |
31 | 31 | certain high-cost pensions. |