Connecticut 2019 Regular Session

Connecticut Senate Bill SB00722

Introduced
1/29/19  

Caption

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

Impact

The proposed changes in SB00722 could have significant implications for the pension plans of state employees. By ensuring that redundancy and overtime do not inflate retirement payouts, the bill may appeal to fiscal conservatives advocating for sustainable state budget management. Critics, however, may argue that such a move could deter skilled workers from pursuing state employment, especially those in high-demand roles that often require substantial overtime, as it could decrease their potential retirement benefits.

Summary

SB00722, titled 'An Act Preventing Overtime Payments From Being Used To Calculate The Retirement Income Of State Employees', seeks to amend chapter 66 of the general statutes in Connecticut. The main objective of the bill is to exclude overtime payments from being part of the salary calculation that determines the retirement benefits for state employees. By eliminating overtime from the base salary calculations, the bill aims to ensure that state pensions reflect only the regular pay rather than additional earnings that can artificially inflate retirement incomes.

Contention

The discussion surrounding SB00722 may highlight a dilemma between fiscal policy and employee rights. Proponents suggest that this measure will improve financial management and tax efficiency by keeping state pension liabilities in check. Conversely, opponents might argue that state employees should be able to benefit from their full remuneration package, including overtime, which recognizes the extra hours put in by dedicated workers. This tension between budgetary constraints and the adequacy of employee compensation is likely to be a focal point in legislative discussions.

Companion Bills

No companion bills found.

Previously Filed As

CT HB05402

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

CT HB05513

An Act Concerning The Deduction And Withholding Of Personal Income Tax From Certain Payments And Distributions.

CT HB05515

An Act Establishing The Municipal Employees Retirement Commission And Concerning The Municipal Employees' Retirement System.

CT HB05401

An Act Concerning Credit For Military Service Under The Municipal Employees' Retirement System.

CT SB00205

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

CT HB05085

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

CT SB00136

An Act Making Changes To The Connecticut Retirement Security Program Statutes.

CT SB00377

An Act Concerning The Teachers' Retirement Board's Recommendations For Changes To The Teachers' Retirement System Statutes.

CT HB05469

An Act Concerning Flexible Holidays For State Employees.

CT SB00100

An Act Establishing A Personal Income Tax Deduction For College Tuition Payments Made By A Taxpayer.

Similar Bills

No similar bills found.