Connecticut 2019 Regular Session

Connecticut Senate Bill SB00978 Compare Versions

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Version 2 (New)

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	7	+	General Assembly Substitute Bill No. 978
	8	+	January Session, 2019
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4		-	Substitute Senate Bill No. 978
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6		-	Public Act No. 19-73
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9	14		AN ACT CONCERNING TE ACHERS' RETIREMENT S YSTEM
10	15		CONTRIBUTIONS.
11	16		Be it enacted by the Senate and House of Representatives in General
12	17		Assembly convened:
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14		-	Section 1. Subdivision (7) of section 10-183b of the general statutes is
15		-	repealed and the following is substituted in lieu thereof (Effective
16		-	October 1, 2019):
17		-	(7) "Contributions" means amounts withheld pursuant to this
18		-	chapter and paid to the board by an employer from compensation
19		-	payable to a member. Prior to July 1, 1989, "mandatory contributions"
20		-	are contributions required to be withheld under this chapter and
21		-	consist of five per cent regular contributions and "one per cent
22		-	contributions". From July 1, 1989, to June 30, 1992, "mandatory
23		-	contributions" are contributions required to be withheld under this
24		-	chapter and consist of five per cent regular contributions and one per
25		-	cent health contributions. From July 1, 1992, to June 30, 2004,
26		-	"mandatory contributions" are contributions required to be withheld
27		-	under this chapter and consist of six per cent "regular contributions"
28		-	and one per cent health contributions. From July 1, 2004, to December
29		-	31, 2017, "mandatory contributions" are contributions required to be
30		-	withheld under this chapter and consist of six per cent regular
31		-	contributions and one and one-fourth per cent health contributions. Substitute Senate Bill No. 978
	19	+	Section 1. Subdivision (7) of section 10-183b of the general statutes is 1
	20	+	repealed and the following is substituted in lieu thereof (Effective 2
	21	+	October 1, 2019): 3
	22	+	(7) "Contributions" means amounts withheld pursuant to this 4
	23	+	chapter and paid to the board by an employer from compensation 5
	24	+	payable to a member. Prior to July 1, 1989, "mandatory contributions" 6
	25	+	are contributions required to be withheld under this chapter and 7
	26	+	consist of five per cent regular contributions and "one per cent 8
	27	+	contributions". From July 1, 1989, to June 30, 1992, "mandatory 9
	28	+	contributions" are contributions required to be withheld under this 10
	29	+	chapter and consist of five per cent regular contributions and one per 11
	30	+	cent health contributions. From July 1, 1992, to June 30, 2004, 12
	31	+	"mandatory contributions" are contributions required to be withheld 13
	32	+	under this chapter and consist of six per cent "regular contributions" 14
	33	+	and one per cent health contributions. From July 1, 2004, to December 15
	34	+	31, 2017, "mandatory contributions" are contributions required to be 16
	35	+	withheld under this chapter and consist of six per cent regular 17
	36	+	contributions and one and one-fourth per cent health contributions. 18
	37	+	[On and after] From January 1, 2018, to December 31, 2019, inclusive, 19 Substitute Bill No. 978
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33		-	Public Act No. 19-73 2 of 2
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35		-	[On and after] From January 1, 2018, to December 31, 2019, inclusive,
36		-	"mandatory contributions" are contributions required to be withheld
37		-	under this chapter and consist of seven per cent "regular contributions"
38		-	and one and one-fourth per cent health contributions. On and after
39		-	January 1, 2020, "mandatory contributions" are contributions required
40		-	to be withheld under this chapter and consist of seven per cent
41		-	"regular contributions" and one and one-fourth per cent health
42		-	contributions, except that no health contributions shall be required for
43		-	an employee of the state that (A) has completed the vesting service
44		-	necessary to receive health benefits provided to retired state
45		-	employees, and (B) does not participate in any group health insurance
46		-	plans maintained for retired teachers. Nothing in this subdivision shall
47		-	affect any other obligation of such a state employee to contribute to the
48		-	state's retiree health care trust fund. "Voluntary contributions" are
49		-	contributions by a member authorized to be withheld under section
50		-	10-183i.
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	44	+	"mandatory contributions" are contributions required to be withheld 20
	45	+	under this chapter and consist of seven per cent "regular contributions" 21
	46	+	and one and one-fourth per cent health contributions. On and after 22
	47	+	January 1, 2020, "mandatory contributions" are contributions required 23
	48	+	to be withheld under this chapter and consist of seven per cent 24
	49	+	"regular contributions" and one and one-fourth per cent health 25
	50	+	contributions, except that no health contributions shall be required for: 26
	51	+	(A) An employee of the Technical Education and Career System 27
	52	+	established pursuant to section 10-95 that (i) has completed the vesting 28
	53	+	service necessary to receive health benefits provided to retired state 29
	54	+	employees, and (ii) does not participate in any group health insurance 30
	55	+	plans maintained for retired teachers; or (B) a state employee who (i) is 31
	56	+	employed by an executive branch agency of state government, and (ii) 32
	57	+	does not participate in the teachers' retirement system. "Voluntary 33
	58	+	contributions" are contributions by a member authorized to be 34
	59	+	withheld under section 10-183i. 35
	60	+	This act shall take effect as follows and shall amend the following
	61	+	sections:
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	63	+	Section 1 October 1, 2019 10-183b(7)
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	65	+	INS Joint Favorable Subst.
	66	+	FIN Joint Favorable
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