19 | | - | Section 1. Section 10-183b of the general statutes is repealed and the 1 |
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20 | | - | following is substituted in lieu thereof (Effective July 1, 2019): 2 |
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21 | | - | As used in this chapter, unless the context otherwise requires: 3 |
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22 | | - | (1) "Actuarial reserve basis" means a basis under which the 4 |
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23 | | - | liabilities of the retirement system are determined under acceptable 5 |
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24 | | - | actuarial methods and under which assets are accumulated under a 6 |
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25 | | - | program designed to achieve a proper balance between the 7 |
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26 | | - | accumulated assets and the liabilities of the system. 8 |
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27 | | - | (2) "Accumulated regular contributions" means the sum of all 9 |
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28 | | - | mandatory contributions credited to a member's account, plus any 10 |
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29 | | - | credited interest applied to such account. 11 |
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30 | | - | [(2)] (3) "Amortization of unfunded liabilities" means a systematic 12 |
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31 | | - | program of annual payments determined as a level per cent of 13 |
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32 | | - | expected member annual salaries in lieu of a lump sum payment. 14 |
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33 | | - | [(3)] (4) "Annual salary" means the annual salary rate for service as a 15 |
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41 | | - | sick leave, unused vacation, terminal pay, coaching or extra duty 17 |
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42 | | - | assignments, unless compensation for coaching or extra duty 18 |
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43 | | - | assignment was included in salary for which contributions were made 19 |
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44 | | - | prior to July 1, 1971. In no event shall annual salary include amounts 20 |
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45 | | - | determined by the board to be included for the purpose of inflating the 21 |
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46 | | - | member's average annual salary. The inclusion in annual salary of 22 |
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47 | | - | amounts paid to the member, in lieu of payment by the employer for 23 |
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48 | | - | the cost of benefits, insurance, or individual retirement arrangements 24 |
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49 | | - | which in prior years had been paid by the employer and not included 25 |
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50 | | - | in the member's annual salary, shall be prima facie evidence that such 26 |
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51 | | - | amounts are included for the purpose of inflating the member's 27 |
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52 | | - | average annual salary. Annual salary shall not (A) include payments 28 |
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53 | | - | the timing of which may be directed by the member, (B) include 29 |
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54 | | - | payments to a superintendent pursuant to an individual contract 30 |
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55 | | - | between such superintendent and a board of education, of amounts 31 |
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56 | | - | which are not included in base salary, or (C) exceed the maximum 32 |
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57 | | - | amount allowed under Section 401(a)(17) of the Internal Revenue Code 33 |
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58 | | - | for the applicable limitation year, provided in no event shall the 34 |
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59 | | - | limitation under Section 401(a)(17) of the Internal Revenue Code apply 35 |
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60 | | - | to the annual salary of a member whose membership began prior to 36 |
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61 | | - | January 1, 1996, if such limitation would reduce the amount of the 37 |
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62 | | - | member's annual salary below the amount permitted for calculation of 38 |
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63 | | - | the member's retirement benefit under this chapter, [167a,] without 39 |
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64 | | - | regard to the limitation under Section 401(a)(17) of the Internal 40 |
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65 | | - | Revenue Code. Annual salary shall include amounts paid to the 41 |
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66 | | - | member during a sabbatical leave during which mandatory 42 |
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67 | | - | contributions were remitted, provided such member returned to full-43 |
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68 | | - | time teaching for at least five full years following the completion of 44 |
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69 | | - | such leave. 45 |
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70 | | - | [(4)] (5) "Average annual salary" means the average [annual salary 46 |
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71 | | - | received during the three years of highest salary] of the three highest 47 |
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72 | | - | annual salaries received as an active member. 48 |
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73 | | - | [(5)] (6) "Board" means the Teachers' Retirement Board. 49 Substitute Bill No. 1119 |
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80 | | - | [(6)] (7) "Child" means a natural child, an adopted child, or a 50 |
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81 | | - | stepchild of a deceased member who has been a stepchild for at least 51 |
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82 | | - | one year immediately prior to the date on which the member died. A 52 |
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83 | | - | child is a "dependent child" of a deceased member if at the time of the 53 |
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84 | | - | member's death (A) the member was living with the child or providing 54 |
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85 | | - | or obligated to provide, by agreement or court order, a reasonable 55 |
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86 | | - | portion of the support of the child, and (B) the child (i) is unmarried 56 |
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87 | | - | and has not attained age eighteen, or (ii) is disabled and such disability 57 |
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88 | | - | began prior to the child's attaining age eighteen. 58 |
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89 | | - | [(7)] (8) "Contributions" means amounts withheld pursuant to this 59 |
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90 | | - | chapter and paid to the board by an employer from compensation 60 |
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91 | | - | payable to a member. Prior to July 1, 1989, "mandatory contributions" 61 |
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92 | | - | are contributions required to be withheld under this chapter and 62 |
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93 | | - | consist of five per cent regular contributions and "one per cent 63 |
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94 | | - | contributions". From July 1, 1989, to June 30, 1992, "mandatory 64 |
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95 | | - | contributions" are contributions required to be withheld under this 65 |
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96 | | - | chapter and consist of five per cent regular contributions and one per 66 |
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97 | | - | cent health contributions. From July 1, 1992, to June 30, 2004, 67 |
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98 | | - | "mandatory contributions" are contributions required to be withheld 68 |
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99 | | - | under this chapter and consist of six per cent "regular contributions" 69 |
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100 | | - | and one per cent health contributions. From July 1, 2004, to December 70 |
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101 | | - | 31, 2017, "mandatory contributions" are contributions required to be 71 |
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102 | | - | withheld under this chapter and consist of six per cent regular 72 |
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103 | | - | contributions and one and one-fourth per cent health contributions. On 73 |
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104 | | - | and after January 1, 2018, "mandatory contributions" are contributions 74 |
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105 | | - | required to be withheld under this chapter and consist of seven per 75 |
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106 | | - | cent "regular contributions" and one and one-fourth per cent health 76 |
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107 | | - | contributions. "Voluntary contributions" are contributions by a 77 |
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108 | | - | member authorized to be withheld under section 10-183i, as amended 78 |
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109 | | - | by this act. 79 |
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110 | | - | (9) "Coparticipant" means a designated beneficiary under the 80 |
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111 | | - | provisions of subsection (d) of section 10-183j, as amended by this act. 81 |
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112 | | - | [(8)] (10) "Credited interest" means interest at the rate from time to 82 Substitute Bill No. 1119 |
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119 | | - | time fixed by the board consistent with industry standards and 83 |
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120 | | - | practices. Such interest shall be applied to a member's account based 84 |
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121 | | - | on the balance as of the previous June thirtieth. Credited interest shall 85 |
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122 | | - | be assessed on any mandatory contributions which were due but not 86 |
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123 | | - | remitted prior to the close of the school year for which salary was paid. 87 |
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124 | | - | [(9)] (11) "Current service" means service rendered in the current 88 |
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125 | | - | fiscal year. 89 |
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126 | | - | [(10)] (12) "Dependent former spouse" means a former spouse of a 90 |
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127 | | - | deceased member who (A) has in his or her care a dependent child of 91 |
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128 | | - | the deceased member; and (B) was receiving, or was entitled to receive, 92 |
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129 | | - | from the deceased member at the time of the death of the deceased 93 |
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130 | | - | member, at least one-half of his or her support; and (C) has not 94 |
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131 | | - | remarried; and (D) is the parent of the child or adopted the child while 95 |
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132 | | - | married to the member and before the child attained age eighteen or, 96 |
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133 | | - | while married to the member, both of them adopted the child before 97 |
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134 | | - | the child attained age eighteen. 98 |
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135 | | - | [(11)] (13) "Dependent parent" means a parent of a deceased 99 |
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136 | | - | member who (A) has reached the age of sixty-five; and (B) has not 100 |
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137 | | - | married after the death of the member; and (C) was receiving at least 101 |
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138 | | - | one-half of his or her support from the member at the time of the 102 |
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139 | | - | member's death and files proof of such support within two years of the 103 |
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140 | | - | date of the member's death; and (D) is not receiving, or entitled to a 104 |
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141 | | - | federal or state old age benefit based on the parent's own earnings, 105 |
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142 | | - | equal to or greater than the amount the parent would be entitled to as 106 |
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143 | | - | a dependent parent under this chapter. A "parent of a deceased 107 |
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144 | | - | member" is (i) the mother or father of a deceased member; or (ii) a 108 |
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145 | | - | stepparent of a deceased member by a marriage entered into before the 109 |
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146 | | - | member attained age sixteen; or (iii) an adopting parent of a deceased 110 |
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147 | | - | member who adopted the deceased member before the member 111 |
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148 | | - | attained age sixteen. 112 |
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149 | | - | [(12)] (14) "Designated beneficiary" means a person designated on a 113 |
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150 | | - | form prescribed by the board by a member to receive amounts which 114 Substitute Bill No. 1119 |
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157 | | - | become payable under this chapter as the result of the member's death 115 |
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158 | | - | whether before or after retirement. If a designated beneficiary is not 116 |
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159 | | - | living at the time of the death of a member, the amounts that would 117 |
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160 | | - | have been payable to the designated beneficiary shall be paid to the 118 |
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161 | | - | member's estate. 119 |
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162 | | - | (15) "Disability allowance" means the amount payable to a disabled 120 |
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163 | | - | member pursuant to the provisions of section 10-183aa. 121 |
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164 | | - | [(13)] (16) "Disabled" means the inability to perform any teaching 122 |
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165 | | - | service, whether or not such service is performed full-time or part-123 |
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166 | | - | time, in a public or nonpublic school or a nonschool setting, on a 124 |
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167 | | - | volunteer basis or for compensation, within or without the state of 125 |
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168 | | - | Connecticut, or engage in any substantial gainful activity by reason of 126 |
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169 | | - | any medically determinable physical or mental impairment [which] 127 |
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170 | | - | that (A) is permanent or can be expected to last continually for not less 128 |
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171 | | - | than twelve months from the onset of such impairment, or (B) can be 129 |
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172 | | - | expected to result in death or to be of long-continued and indefinite 130 |
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173 | | - | duration, except that during the first twenty-four months that a 131 |
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174 | | - | member is receiving a disability allowance, "disabled" means the 132 |
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175 | | - | inability to perform the usual duties of his occupation by reason of any 133 |
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176 | | - | such impairment. 134 |
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177 | | - | [(14)] (17) "Employer" means an elected school committee, a board 135 |
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178 | | - | of education, the State Board of Education, the Office of Early 136 |
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179 | | - | Childhood, the Board of Regents for Higher Education or any of the 137 |
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180 | | - | constituent units, [the governing body of the Children's Center and its 138 |
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181 | | - | successors,] the E. O. Smith School and any other activity, institution 139 |
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182 | | - | or school employing members. With respect to members hired prior to 140 |
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183 | | - | July 1, 2019, "employer" also means the governing body of the 141 |
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184 | | - | Children's Center and its successors. 142 |
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185 | | - | [(15)] (18) "Formal leave of absence" means any absence from active 143 |
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186 | | - | service in the public schools of Connecticut formally granted by a 144 |
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187 | | - | member's employer as evidenced by contemporary records of the 145 |
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188 | | - | employer, provided in the case of an absence due to illness, medical or 146 Substitute Bill No. 1119 |
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195 | | - | other evidence of such illness may, at the discretion of the Teachers' 147 |
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196 | | - | Retirement Board, be accepted in lieu of evidence of the formal 148 |
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197 | | - | granting of a leave. 149 |
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198 | | - | [(16)] (19) "Formal application of retirement" means (A) the 150 |
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199 | | - | member's application, birth certificate or notarized statement 151 |
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200 | | - | supported by other evidence satisfactory to the board, in lieu thereof, 152 |
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201 | | - | (B) records of service, [when] if such records are required by the board 153 |
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202 | | - | to determine a salary rate or years of creditable service, (C) a statement 154 |
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203 | | - | of payment plan, [and,] (D) in the case of an application for a disability 155 |
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204 | | - | benefit, a physician's or an advanced practice registered nurse's 156 |
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205 | | - | statement of health, (E) in the case of a member who is married, a 157 |
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206 | | - | marriage certificate, and (F) any other documentation required by the 158 |
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207 | | - | board. 159 |
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208 | | - | [(17)] (20) "Funding" means the accumulation of assets in advance of 160 |
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209 | | - | the payment of retirement allowances in accordance with a definite 161 |
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210 | | - | actuarial program. 162 |
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211 | | - | [(18)] (21) "Member" means any Connecticut teacher employed for 163 |
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212 | | - | an average of at least one-half of each school day, [except that no 164 |
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213 | | - | teacher who under any provision of the general statutes elects not to 165 |
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214 | | - | participate in the system shall be a member unless and until the 166 |
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215 | | - | teacher elects to participate in the system] and who was employed on 167 |
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216 | | - | and compensated for the first work day, according to such member's 168 |
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217 | | - | schedule, of a school month. Members teaching in a nonpublic school 169 |
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218 | | - | classified as a public school [by the board] under the provisions of this 170 |
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219 | | - | section may continue as members as long as they continue as teachers 171 |
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220 | | - | in such school even if the school ceases to be so classified. A former 172 |
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221 | | - | teacher who has not withdrawn his or her accumulated contributions 173 |
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222 | | - | shall be an "inactive member". A member who, during the period of a 174 |
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223 | | - | formal leave of absence granted by his or her employer, but not 175 |
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224 | | - | exceeding an aggregate of ten school months, continues to make 176 |
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225 | | - | mandatory contributions to the board, retains his or her status as an 177 |
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226 | | - | active member. 178 Substitute Bill No. 1119 |
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233 | | - | [(19)] (22) "Normal cost" means the amount of contribution which 179 |
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234 | | - | the state is required to make into the retirement fund in order to meet 180 |
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235 | | - | the actuarial cost of current service. 181 |
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236 | | - | [(20)] (23) "Public school" means any day school conducted within 182 |
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237 | | - | or without this state under the orders and superintendence of a duly 183 |
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238 | | - | elected school committee, a board of education, the State Board of 184 |
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239 | | - | Education, the Office of Early Childhood, the board of governors or 185 |
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240 | | - | any of its constituent units, the E. O. Smith School, [the Children's 186 |
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241 | | - | Center and its successors, the State Education Resource Center 187 |
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242 | | - | established pursuant to section 10-4q of the 2014 supplement to the 188 |
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243 | | - | general statutes, revision of 1958, revised to January 1, 2013, the State 189 |
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244 | | - | Education Resource Center established pursuant to section 10-357a,] 190 |
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245 | | - | joint activities of boards of education authorized by subsection (b) of 191 |
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246 | | - | section 10-158a and any institution supported by the state at which 192 |
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247 | | - | teachers are employed or any incorporated secondary school not under 193 |
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248 | | - | the orders and superintendence of a duly elected school committee or 194 |
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249 | | - | board of education but located in a town not maintaining a high school 195 |
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250 | | - | and providing free tuition to pupils of the town in which it is located, 196 |
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251 | | - | and which has been approved by the State Board of Education under 197 |
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252 | | - | the provisions of part II of chapter 164, provided that such institution 198 |
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253 | | - | or such secondary school is classified as a public school by the 199 |
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254 | | - | retirement board. With respect to members hired prior to July 1, 2019, 200 |
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255 | | - | "public school" also means the Children's Center and its successors, the 201 |
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256 | | - | State Education Resource Center established pursuant to section 10-4q 202 |
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257 | | - | of the 2014 supplement to the general statutes, revision of 1958, revised 203 |
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258 | | - | to January 1, 2013, and the State Education Resource Center 204 |
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259 | | - | established pursuant to section 10-357a. 205 |
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260 | | - | [(21)] (24) "Retirement allowance" means payments for life derived 206 |
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261 | | - | from member contributions, including credited interest, and 207 |
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262 | | - | contributions from the state. 208 |
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263 | | - | (25) "Retired member" means a member receiving a retirement 209 |
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264 | | - | benefit as computed under section 10-183g, as amended by this act. 210 Substitute Bill No. 1119 |
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271 | | - | [(22)] (26) "School year" means the twelve months ending on June 211 |
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272 | | - | thirtieth of each year. 212 |
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273 | | - | [(23)] (27) "Surviving spouse" means a widow or widower of a 213 |
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274 | | - | deceased member who (A) was living with the member at the time of 214 |
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275 | | - | the member's death, or receiving, or entitled by court order or 215 |
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276 | | - | agreement to receive, regular support payments from the member, and 216 |
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277 | | - | (B) has not remarried. 217 |
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278 | | - | [(24)] (28) "Survivors" means a surviving spouse, a dependent 218 |
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279 | | - | former spouse, a dependent child and a dependent parent. 219 |
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280 | | - | [(25)] (29) "System" means the Connecticut teachers' retirement 220 |
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281 | | - | system. 221 |
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282 | | - | [(26)] (30) "Teacher" means (A) any teacher, permanent substitute 222 |
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283 | | - | teacher, principal, assistant principal, supervisor, assistant 223 |
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284 | | - | superintendent or superintendent employed by the public schools in a 224 |
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285 | | - | professional capacity while possessing a certificate or permit issued by 225 |
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286 | | - | the State Board of Education, provided on and after July 1, 1975, such 226 |
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287 | | - | certificate shall be for the position in which the person is then 227 |
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288 | | - | employed, except as provided for in section 10-183qq, (B) certified 228 |
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289 | | - | personnel hired prior to July 1, 2019, who provide health and welfare 229 |
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290 | | - | services for children in nonprofit schools, as provided in section 10-230 |
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291 | | - | 217a, under an oral or written agreement, (C) any person who is 231 |
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292 | | - | engaged in teaching or supervising schools for adults if the annual 232 |
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293 | | - | salary paid for such service is equal to or greater than the minimum 233 |
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294 | | - | salary paid for a regular, full-time teaching position in the day schools 234 |
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295 | | - | in the town where such service is rendered, (D) [a member of the 235 |
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296 | | - | professional staff of the State Board of Education,] an employee of the 236 |
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297 | | - | Office of Early Childhood [,] or [of] the Board of Regents for Higher 237 |
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298 | | - | Education or any of the constituent units, [and] (E) a [member of the] 238 |
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299 | | - | staff member of the State Education Resource Center established 239 |
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300 | | - | pursuant to section 10-4q of the 2014 supplement to the general 240 |
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301 | | - | statutes, revision of 1958, revised to January 1, 2013, or the State 241 |
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302 | | - | Education Resource Center established pursuant to section 10-357a, 242 Substitute Bill No. 1119 |
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309 | | - | employed in a professional capacity while possessing a certificate or 243 |
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310 | | - | permit issued by the State Board of Education, provided such staff 244 |
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311 | | - | member was hired prior to July 1, 2019, and (F) any person employed 245 |
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312 | | - | as professional staff of the State Board of Education, provided such 246 |
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313 | | - | person was a member or inactive member prior to July 1, 2019. A 247 |
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314 | | - | "permanent substitute teacher" is one who serves as such for at least 248 |
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315 | | - | ten months during any school year. 249 |
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316 | | - | [(27)] (31) "Unfunded liability" means the actuarially determined 250 |
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317 | | - | value of the liability for service before the date of the actuarial 251 |
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318 | | - | valuation less the accumulated assets in the retirement fund. 252 |
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319 | | - | [(28)] (32) "Internal Revenue Code" means the Internal Revenue 253 |
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320 | | - | Code of 1986, or any subsequent corresponding internal revenue code 254 |
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321 | | - | of the United States, as from time to time amended, and any 255 |
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322 | | - | regulations promulgated under or interpretations of said code that 256 |
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323 | | - | may affect this chapter. 257 |
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324 | | - | [(29)] (33) "Limitation year" means the twelve-month period 258 |
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325 | | - | beginning each July first and ending each June thirtieth. 259 |
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326 | | - | Sec. 2. Section 10-183e of the general statutes is repealed and the 260 |
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327 | | - | following is substituted in lieu thereof (Effective July 1, 2019): 261 |
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328 | | - | (a) (1) A member shall receive a month of credited service for each 262 |
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329 | | - | month of service as a teacher, [provided the Teachers' Retirement 263 |
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330 | | - | Board may grant a member] subject to the payment of the mandatory 264 |
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331 | | - | contribution for such month. Ten months of credited service shall be 265 |
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332 | | - | equal to one year of credited service. A member may not accumulate 266 |
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333 | | - | more than one year of credited service during any school year. 267 |
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334 | | - | (2) The Teachers' Retirement Board may allow a member to receive 268 |
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335 | | - | a month of credited service for a month during which such member 269 |
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336 | | - | was employed after the first school day but not later than the fifth 270 |
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337 | | - | school day of such month if [(1)] (A) such month was the member's 271 |
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338 | | - | first month of service as a teacher, and [(2)] (B) such month of credited 272 |
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339 | | - | service is needed by the member in order to qualify for a normal 273 Substitute Bill No. 1119 |
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346 | | - | retirement benefit. [Ten months of credited service shall be equal to 274 |
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347 | | - | one year of credited service. A member may not accumulate more than 275 |
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348 | | - | one year of credited service during any school year.] 276 |
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349 | | - | (b) Any member may purchase, as provided in subsection (c) of this 277 |
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350 | | - | section, additional credited service, but not to exceed an aggregate of 278 |
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351 | | - | one year in the case of service described in subdivision (2) of this 279 |
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352 | | - | subsection for each two years of active full-time service as a 280 |
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353 | | - | Connecticut teacher; and not to exceed an aggregate of one year in the 281 |
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354 | | - | case of absence described in subdivision (8) of this subsection for each 282 |
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355 | | - | five years of active full-time service as a Connecticut teacher, provided 283 |
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356 | | - | if any such absence exceeds thirty consecutive school months, such 284 |
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357 | | - | additional credited service shall be limited to thirty school months; 285 |
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358 | | - | and not to exceed an aggregate of ten years for all service described in 286 |
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359 | | - | this subsection, except for service described in subdivision (2) of this 287 |
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360 | | - | subsection. In no event may any service described in this subsection be 288 |
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361 | | - | purchased if the member is receiving or is, or will become, entitled to 289 |
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362 | | - | receive a retirement benefit based upon such service from any 290 |
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363 | | - | governmental system other than the teachers' retirement system or the 291 |
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364 | | - | federal Social Security System. Additional credited service includes: 292 |
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365 | | - | (1) Service as a teacher in a school for military dependents 293 |
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366 | | - | established by the United States Department of Defense; 294 |
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367 | | - | (2) Service as a teacher in the public schools of another state of the 295 |
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368 | | - | United States, its territories or possessions; 296 |
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369 | | - | (3) Service in the armed forces of the United States in time of war, as 297 |
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370 | | - | defined in section 27-103, or service in said armed forces during the 298 |
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371 | | - | period beginning October 27, 1953, and ending January 31, 1955; 299 |
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372 | | - | (4) Service rendered prior to July 1, 2019, in a permanent, full-time, 300 |
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373 | | - | nonteaching position for the state; 301 |
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374 | | - | (5) Service as a teacher at The University of Connecticut prior to July 302 |
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375 | | - | 1, 1965; 303 Substitute Bill No. 1119 |
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382 | | - | (6) Service as a teacher at the Wheeler School and Library, North 304 |
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383 | | - | Stonington, prior to September 1, 1949; 305 |
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384 | | - | (7) Service as a teacher at the Gilbert Home, Winsted, prior to 306 |
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385 | | - | September 1, 1948; 307 |
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386 | | - | (8) Any formal leave of absence commencing prior to July 1, 2019, as 308 |
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387 | | - | provided in regulations adopted by the board, if the member 309 |
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388 | | - | subsequently returns to service for at least one school year; 310 |
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389 | | - | (9) Service rendered prior to July 1, 2019, as a teacher at the 311 |
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390 | | - | American School [at Hartford] for the Deaf, the Connecticut Institute 312 |
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391 | | - | for the Blind or the Newington Children's Hospital; 313 |
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392 | | - | (10) Forty or more days of service as a substitute teacher, or the 314 |
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393 | | - | equivalent service rendered at less than half-time, in a single public 315 |
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394 | | - | school system within the state of Connecticut in any school year, 316 |
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395 | | - | provided eighteen days of such service shall equal one month of 317 |
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396 | | - | credited service under subsection (a) of this section; 318 |
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397 | | - | (11) Service in the armed forces of the United States, other than 319 |
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398 | | - | service described in subdivision (3) of this subsection, not to exceed 320 |
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399 | | - | thirty months; 321 |
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400 | | - | (12) Service as a full-time, salaried, elected official of the state or any 322 |
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401 | | - | political subdivision of the state during the 1978 calendar year or 323 |
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402 | | - | thereafter, if such member subsequently returns to service as a teacher 324 |
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403 | | - | in a public school for at least one school year; 325 |
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404 | | - | (13) Service in the public schools of Connecticut as a member of the 326 |
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405 | | - | federal Teacher Corps, not to exceed two years; 327 |
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406 | | - | (14) Service in the United States Peace Corps; 328 |
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407 | | - | (15) Service in the United States VISTA (Volunteers in Service to 329 |
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408 | | - | America) program; 330 |
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409 | | - | (16) Service in the public schools of Connecticut as a social work 331 Substitute Bill No. 1119 |
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416 | | - | assistant, from January 1, 1969, to December 31, 1986, inclusive, if such 332 |
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417 | | - | member became a certified school social worker and remained in 333 |
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418 | | - | public school service as a social worker after certification; and 334 |
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419 | | - | (17) Service prior to July 1, 2007, as a member of the staff of the State 335 |
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420 | | - | Education Resource Center established pursuant to section 10-4q of the 336 |
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421 | | - | general statutes, revision of 1958, revised to January 1, 2007, employed 337 |
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422 | | - | in a professional capacity while possessing a certificate or permit 338 |
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423 | | - | issued by the State Board of Education. 339 |
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424 | | - | Any service described in subdivision (3), (8) or (10) of this subsection 340 |
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425 | | - | shall be considered service in the public schools of Connecticut. 341 |
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426 | | - | (c) Additional credited service [must] may only be purchased by a 342 |
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427 | | - | member (1) prior to the [time] effective date of such member's 343 |
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428 | | - | retirement, or (2) at the time a surviving spouse elects benefits under 344 |
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429 | | - | the provisions of subsection (d) of section 10-183h, as amended by this 345 |
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430 | | - | act. [, or (3) at the time benefits commence as provided under sections 346 |
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431 | | - | 10-183g and 10-183jj.] Any purchase of such service shall be 347 |
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432 | | - | accomplished by the member paying to the board an amount 348 |
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433 | | - | determined on the basis of actuarial factors adopted by the board that 349 |
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434 | | - | reflect the present value of one-half of the full actuarial cost of the 350 |
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435 | | - | benefit increase that will be derived by the purchase of such service, 351 |
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436 | | - | except that in the case of purchase of service described in subdivision 352 |
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437 | | - | (17) of subsection (b) of this section, or in the case of purchase of 353 |
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438 | | - | service described in subdivision (2) of said subsection (b) in excess of 354 |
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439 | | - | ten years, the present value of the full actuarial cost. Such factors shall 355 |
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440 | | - | consider the member's age at the time of purchase, actual or projected 356 |
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441 | | - | salary, and the earliest date on which the member would be eligible for 357 |
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442 | | - | a normal retirement allowance. Payments for additional credited 358 |
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443 | | - | service may be made in a lump sum by transfer of funds from the 359 |
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444 | | - | member's accumulated one per cent contributions withheld prior to 360 |
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445 | | - | July 1, 1989, with credited interest and accumulated voluntary 361 |
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446 | | - | contributions with credited interest plus such other amounts as may be 362 |
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447 | | - | required to complete the purchase. Any such other amount shall be 363 |
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448 | | - | deposited directly into such member's regular account. No amount 364 Substitute Bill No. 1119 |
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455 | | - | deposited in accordance with this subsection shall be treated as a 365 |
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456 | | - | voluntary contribution as described in section 10-183i, as amended by 366 |
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457 | | - | this act. 367 |
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458 | | - | [(d) For the purpose of determining eligibility for benefits under 368 |
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459 | | - | section 10-183f, credited service purchased under subsection (b) of this 369 |
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460 | | - | section shall not be used except that (1) service in a school for military 370 |
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461 | | - | dependents described in subdivision (1) of subsection (b) of this 371 |
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462 | | - | section and out-of-state public school service described in subdivision 372 |
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463 | | - | (2) of said subsection (b) shall be used to determine eligibility for a 373 |
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464 | | - | normal retirement benefit based upon thirty-five years of credited 374 |
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465 | | - | service and for an early retirement benefit; and (2) military service 375 |
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466 | | - | described in subdivision (3) of said subsection (b), any leave of absence 376 |
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467 | | - | described in subdivision (8) of said subsection (b) and substitute 377 |
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468 | | - | service described in subdivision (10) of said subsection (b) shall be 378 |
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469 | | - | used as if they were service in the public schools of Connecticut. 379 |
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470 | | - | (e) For purposes of computing benefit amounts under section 10-380 |
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471 | | - | 183g, other than proratable benefits and deferred vested retirement 381 |
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472 | | - | benefits, credited service purchased under subsection (b) of this section 382 |
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473 | | - | shall be used in the same manner as credited service described in 383 |
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474 | | - | subsection (a) of this section. In computing proratable benefits, 384 |
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475 | | - | purchased service credits shall be used as set forth in subsection (b) of 385 |
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476 | | - | section 10-183g. In computing deferred vested retirement benefits, 386 |
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477 | | - | purchased service credits shall be used as set forth in subsection (d) of 387 |
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478 | | - | section 10-183g. In computing the lump sum death benefit under 388 |
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479 | | - | section 10-183h, military service described in subdivision (3) of 389 |
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480 | | - | subsection (b) of this section and leaves of absence described in 390 |
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481 | | - | subdivision (8) of said subsection (b) shall be used as if they were 391 |
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482 | | - | service in the public schools of Connecticut.] 392 |
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483 | | - | [(f)] (d) For purposes of computing benefit amounts under [section 393 |
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484 | | - | 10-183g] this chapter, whole months of credited service, including 394 |
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485 | | - | additional credited service, in excess of whole years shall be used in 395 |
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486 | | - | determining aggregate accumulations of credited service. 396 Substitute Bill No. 1119 |
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493 | | - | [(g)] (e) Any member who has been elected to a full-time or part-397 |
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494 | | - | time position in an organization which has been duly designated as the 398 |
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495 | | - | teachers' representative or who has been elected to a full-time or part-399 |
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496 | | - | time position in a state-wide, national or international bargaining 400 |
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497 | | - | organization may, during the time such member so serves, continue 401 |
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498 | | - | membership and may make, or have made for such member, 402 |
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499 | | - | payments of contributions for such time, provided the organization 403 |
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500 | | - | which such member represents shall pay the full actuarial cost that 404 |
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501 | | - | would otherwise be incurred by the state for the time such member 405 |
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502 | | - | serves in excess of one year. If payment is made during such periods or 406 |
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503 | | - | at any time before retirement, such member shall receive credit for 407 |
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504 | | - | such service and shall be considered as serving as a public school 408 |
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505 | | - | teacher in the state for the purpose of computing length of service, and 409 |
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506 | | - | for the purpose of computing average annual salary, and shall be 410 |
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507 | | - | considered by the retirement board as though such member were 411 |
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508 | | - | remaining in such member's latest teaching position. 412 |
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509 | | - | Sec. 3. Section 10-183f of the general statutes is repealed and the 413 |
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510 | | - | following is substituted in lieu thereof (Effective July 1, 2019): 414 |
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511 | | - | (a) A member is eligible to receive a normal retirement benefit 415 |
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512 | | - | [who] if such member (1) has attained age sixty and has accumulated 416 |
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513 | | - | twenty years of credited service in the public schools of Connecticut, 417 |
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514 | | - | or (2) has attained any age and has accumulated thirty-five years of 418 |
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515 | | - | credited service, at least twenty-five years of which are service in the 419 |
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516 | | - | public schools of Connecticut. 420 |
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517 | | - | (b) A member is eligible to receive a proratable retirement benefit 421 |
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518 | | - | [who] if such member has attained age sixty prior to termination of 422 |
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519 | | - | service and has accumulated at least ten years of credited service in the 423 |
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520 | | - | public schools of Connecticut. 424 |
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521 | | - | (c) A member is eligible to receive an early retirement benefit [who] 425 |
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522 | | - | if such member has accumulated twenty-five years of credited service, 426 |
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523 | | - | at least twenty years of which are service in the public schools of 427 |
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524 | | - | Connecticut, or [who] if such member has attained the age of fifty-five 428 Substitute Bill No. 1119 |
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531 | | - | and has accumulated at least twenty years of credited service, at least 429 |
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532 | | - | fifteen of which are service in the public schools of Connecticut. 430 |
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533 | | - | (d) A member is eligible to receive a deferred vested retirement 431 |
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534 | | - | benefit beginning at age sixty [who] if such member: (1) Has 432 |
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535 | | - | accumulated ten years of credited service in the public schools of 433 |
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536 | | - | Connecticut; and (2) terminates service before becoming eligible for 434 |
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537 | | - | any other retirement benefit; and (3) leaves his or her accumulated 435 |
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538 | | - | contributions with the system. 436 |
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539 | | - | (e) Repealed by P.A. 79-541, S. 5, 6. 437 |
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540 | | - | (f) The survivors of a member who dies (1) while in service in the 438 |
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541 | | - | public schools of Connecticut, (2) within two months after withdrawal 439 |
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542 | | - | from such service and prior to the effective date of such member's 440 |
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543 | | - | retirement or (3) while receiving a disability benefit under section 10-441 |
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544 | | - | 183aa, shall receive survivors' benefits. [, except that, if a member who 442 |
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545 | | - | has elected a coparticipant option, under section 10-183j, dies after 443 |
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546 | | - | such option becomes effective, such coparticipant option shall be given 444 |
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547 | | - | effect and no survivors' benefits shall be payable.] Before any 445 |
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548 | | - | survivors' benefits are paid, the board shall receive such applications 446 |
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549 | | - | and other documents and information as it deems necessary. 447 |
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550 | | - | (g) Notwithstanding any provision of this chapter, pursuant to 448 |
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551 | | - | Section 401(a)(9) of the Internal Revenue Code, a member shall begin 449 |
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552 | | - | receiving benefits under this chapter no later than April first of the 450 |
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553 | | - | calendar year following the calendar year in which [(1)] the member 451 |
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554 | | - | attains age seventy and one-half [, or (2)] or, if the member retires after 452 |
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555 | | - | age seventy and one-half, the calendar year in which such member 453 |
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556 | | - | retires. 454 |
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557 | | - | Sec. 4. Section 10-183g of the general statutes is repealed and the 455 |
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558 | | - | following is substituted in lieu thereof (Effective July 1, 2019): 456 |
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559 | | - | (a) The normal retirement benefit shall be two per cent times the 457 |
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560 | | - | number of years of full-time credited service and a proportional 458 |
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561 | | - | fraction of two per cent times the number of years of credited service at 459 Substitute Bill No. 1119 |
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568 | | - | less than full-time multiplied by average annual salary. In no event, 460 |
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569 | | - | however, shall such benefit exceed seventy-five per cent of such salary 461 |
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570 | | - | or be less than three thousand six hundred dollars. 462 |
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571 | | - | (b) The proratable retirement benefit shall be computed as follows: 463 |
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572 | | - | Average annual salary multiplied by (1) number of years of credited 464 |
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573 | | - | service [, excluding all additional credited service, except service 465 |
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574 | | - | described in subdivisions (3), (8) and (10) of subsection (b) of section 466 |
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575 | | - | 10-183e,] in the public schools of Connecticut multiplied by the 467 |
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576 | | - | applicable percentage based on age and service as determined from the 468 |
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577 | | - | table below, and (2) number of years of all additional credited service 469 |
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578 | | - | not used in subdivision (1) of this subsection multiplied by one per 470 |
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579 | | - | cent. 471 |
---|
580 | | - | T1 TABLE |
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581 | | - | T2 AGE OF RETIREMENT |
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582 | | - | T3 Years Of |
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583 | | - | T4 Connecticut |
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584 | | - | T5 Service 60 61 62 63 64 65 66 67 68 69 70 |
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585 | | - | T6 10 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 |
---|
586 | | - | T7 11 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 |
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587 | | - | T8 12 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 |
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588 | | - | T9 13 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 |
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589 | | - | T10 14 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.4 |
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590 | | - | T11 15 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 |
---|
591 | | - | T12 16 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 |
---|
592 | | - | T13 17 1.7 1.7 1.7 1.7 1.7 1.7 1.7 1.7 1.7 1.7 1.7 |
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593 | | - | T14 18 1.8 1.8 1.8 1.8 1.8 1.8 1.8 1.8 1.8 1.8 1.8 |
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594 | | - | T15 19 1.9 1.9 1.9 1.9 1.9 1.9 1.9 1.9 1.9 1.9 1.9 |
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595 | | - | T16 20 2.0 2.0 2.0 2.0 2.0 2.0 2.0 2.0 2.0 2.0 2.0 |
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596 | | - | |
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597 | | - | (c) The early retirement benefit shall be computed in the same 472 |
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598 | | - | manner as the normal retirement benefit, then actuarially reduced, on 473 |
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599 | | - | the basis of early retirement tables adopted from time to time by the 474 Substitute Bill No. 1119 |
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606 | | - | board, for each month early retirement precedes the minimum age at 475 |
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607 | | - | which the member could have retired with a normal retirement benefit 476 |
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608 | | - | pursuant to section 10-183f, as amended by this act. [Such minimum 477 |
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609 | | - | age shall be such member's actual age at retirement plus the lesser of 478 |
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610 | | - | (1) the difference between such age and age sixty, or (2) the difference 479 |
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611 | | - | between thirty-five years and the sum of such member's years of 480 |
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612 | | - | Connecticut public school service plus all purchased leaves of absence, 481 |
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613 | | - | military and out-of-state public school service.] On and after July 1, 482 |
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614 | | - | 1999, any revisions to the early retirement tables shall be submitted to 483 |
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615 | | - | the Office of Policy and Management and the joint standing committee 484 |
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616 | | - | of the General Assembly having cognizance of matters relating to 485 |
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617 | | - | appropriations and the budgets of state agencies within one month of 486 |
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618 | | - | their adoption by the board. Any such revisions shall be accompanied 487 |
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619 | | - | by an actuarial certification of the costs associated with such revisions. 488 |
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620 | | - | (d) The deferred vested retirement benefit shall be computed as 489 |
---|
621 | | - | follows: Average annual salary multiplied by (1) number of years of 490 |
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622 | | - | credited service [, excluding all additional credited service, except 491 |
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623 | | - | service described in subdivisions (3), (8) and (10) of subsection (b) of 492 |
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624 | | - | section 10-183e,] in the public schools of Connecticut multiplied by two 493 |
---|
625 | | - | per cent, then actuarially reduced in the same manner as the early 494 |
---|
626 | | - | retirement benefit if the years of service which could have been 495 |
---|
627 | | - | rendered were less than twenty years by age sixty or by the 496 |
---|
628 | | - | subsequent date of retirement, and (2) number of years of all 497 |
---|
629 | | - | additional credited service not used in subdivision (1) of this 498 |
---|
630 | | - | subsection multiplied by one per cent. 499 |
---|
631 | | - | (e) Repealed by P.A. 79-541, S. 5, 6. 500 |
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632 | | - | (f) (1) In addition to a retirement benefit computed under 501 |
---|
633 | | - | subsections (a) to (d), inclusive, of this section and a disability 502 |
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634 | | - | allowance under subsections (a) to (g), inclusive, of section 10-183aa, 503 |
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635 | | - | and except as provided in subdivision (2) of this subsection, a member 504 |
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636 | | - | shall receive a lump sum payment equal to the member's accumulated 505 |
---|
637 | | - | one per cent contributions withheld prior to July 1, 1989, and any 506 |
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638 | | - | voluntary contributions with credited interest. Such lump sum shall be 507 Substitute Bill No. 1119 |
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645 | | - | paid not later than three months after (A) the effective date of 508 |
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646 | | - | retirement, or (B) the date the first payment of a disability allowance 509 |
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647 | | - | under section 10-183aa is made, except the board may delay payment 510 |
---|
648 | | - | of such lump sum in the case of extenuating circumstances. If such 511 |
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649 | | - | delay occurs, the board shall submit a written notice to the member 512 |
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650 | | - | explaining the nature of the extenuating circumstances and an estimate 513 |
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651 | | - | as to when such lump sum shall be paid. 514 |
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652 | | - | (2) In lieu of such lump sum, the member may elect to receive an 515 |
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653 | | - | actuarially equivalent annuity for life. [Such lump sum or annuity shall 516 |
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654 | | - | be paid, or commenced to be paid,] Payment of such annuity, if 517 |
---|
655 | | - | elected, shall commence when the first payment of the [other] 518 |
---|
656 | | - | retirement benefit computed under subsections (a) to (d), inclusive, of 519 |
---|
657 | | - | this section or a disability allowance under section 10-183aa is made. 520 |
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658 | | - | (g) A member's complete formal application for retirement, if sent 521 |
---|
659 | | - | by mail, shall be deemed to have been filed with the board on the date 522 |
---|
660 | | - | such application is postmarked. No benefit computed under 523 |
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661 | | - | subsections (a) to (d), inclusive, of this section and under subsections 524 |
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662 | | - | (a) to (g), inclusive, of section 10-183aa shall become effective until [the 525 |
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663 | | - | end of the calendar month of the filing by the] a member eligible for 526 |
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664 | | - | retirement under section 10-183f, as amended by this act, files with the 527 |
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665 | | - | board [of] a complete formal application for retirement and terminates 528 |
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666 | | - | service with such member's employer. Such benefit shall accrue from 529 |
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667 | | - | the first day of the month following [such] the calendar month such 530 |
---|
668 | | - | application is filed and payment of such benefit in equal monthly 531 |
---|
669 | | - | installments shall commence on the last day of the month in which 532 |
---|
670 | | - | such benefit begins to accrue. The initial payment of such benefit may 533 |
---|
671 | | - | be made not later than three months following the effective date of 534 |
---|
672 | | - | retirement, provided such payment shall be retroactive to such 535 |
---|
673 | | - | effective date. Upon a finding that extenuating circumstances relating 536 |
---|
674 | | - | to the health of a member caused a delay in the filing of the member's 537 |
---|
675 | | - | complete formal application, and such application is filed on or after 538 |
---|
676 | | - | July 1, 1986, the board may deem such application to have been filed 539 |
---|
677 | | - | up to three months earlier than the actual date of the filing. Upon a 540 Substitute Bill No. 1119 |
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684 | | - | finding that extenuating circumstances related to the health of a 541 |
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685 | | - | member caused a delay in the filing of an election pursuant to 542 |
---|
686 | | - | subsection (g) of section 10-183aa, and such election is filed on or after 543 |
---|
687 | | - | July 1, 1986, the board may deem such election to have been filed as of 544 |
---|
688 | | - | the date such member's benefits would otherwise have been converted 545 |
---|
689 | | - | to a normal retirement [allowance, provided such member's disability 546 |
---|
690 | | - | allowance became effective on or before November 1, 1976, and such 547 |
---|
691 | | - | member attained the age of sixty on or after August 1, 1984] benefit 548 |
---|
692 | | - | under this section. 549 |
---|
693 | | - | (h) A benefit computed under subsections (a) to (d), inclusive, of 550 |
---|
694 | | - | this section and under subsections (a) to (g), inclusive, of section 10-551 |
---|
695 | | - | 183aa shall continue until the death of the member. [If twenty-five per 552 |
---|
696 | | - | cent of the aggregate benefits paid to a member prior to death are less 553 |
---|
697 | | - | than such member's accumulated regular contributions, including any 554 |
---|
698 | | - | one per cent contributions withheld prior to July 1, 1989, and any 555 |
---|
699 | | - | voluntary contributions plus credited interest, the member's 556 |
---|
700 | | - | designated beneficiary shall be paid on the death of the member a 557 |
---|
701 | | - | lump sum amount equal to the difference between such aggregate 558 |
---|
702 | | - | payments and such accumulated contributions plus credited interest 559 |
---|
703 | | - | that had been accrued to the date benefits commenced.] 560 |
---|
704 | | - | (i) [In lieu of a benefit computed under subsections (a) to (d), 561 |
---|
705 | | - | inclusive, of this section and under subsections (a) to (g), inclusive, of 562 |
---|
706 | | - | section 10-183aa, a] A member [may] shall elect one of the benefit 563 |
---|
707 | | - | options described in section 10-183j, as amended by this act, or any 564 |
---|
708 | | - | other actuarially equivalent option which the board may offer from 565 |
---|
709 | | - | time to time. 566 |
---|
710 | | - | (j) Beginning the first day of January or July which follows nine 567 |
---|
711 | | - | months in retirement, a retired member who retired prior to 568 |
---|
712 | | - | September 1, 1992, or a member's successor beneficiary, except a 569 |
---|
713 | | - | person receiving survivor's benefits, shall be eligible for an annual five 570 |
---|
714 | | - | per cent cost of living allowance on any benefit except a benefit based 571 |
---|
715 | | - | upon such member's one per cent contributions or voluntary 572 |
---|
716 | | - | contributions. Such cost of living allowance shall be computed on the 573 Substitute Bill No. 1119 |
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722 | | - | |
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723 | | - | basis of the retirement benefits to which such retired member or 574 |
---|
724 | | - | successor beneficiary was entitled on the last day of the preceding 575 |
---|
725 | | - | December or June except benefits based upon one per cent or 576 |
---|
726 | | - | voluntary contributions. Such member's successor beneficiary means 577 |
---|
727 | | - | any person, other than such member, receiving benefits as the result of 578 |
---|
728 | | - | the election of a period certain option or a coparticipant option, 579 |
---|
729 | | - | including an election for such an option by a surviving spouse under 580 |
---|
730 | | - | subsection (d) of section 10-183h, as amended by this act. The right to 581 |
---|
731 | | - | such allowance, or any portion thereof, may be waived by the person 582 |
---|
732 | | - | entitled thereto at any time. Any waiver shall remain in effect until the 583 |
---|
733 | | - | first day of the month following such person's death or the filing with 584 |
---|
734 | | - | the board of a written notice of cancellation of the waiver. Any 585 |
---|
735 | | - | allowance waived shall be forever forfeited. If on any subsequent first 586 |
---|
736 | | - | day of January or July the Teacher's Retirement Board determines that 587 |
---|
737 | | - | the National Consumer Price Index for urban wage earners and clerical 588 |
---|
738 | | - | workers for the twelve-month period ending on the last day of the 589 |
---|
739 | | - | preceding November or May has increased less than the cost of living 590 |
---|
740 | | - | allowance provided under this subsection, the cost of living allowance 591 |
---|
741 | | - | provided by this subsection shall be adjusted to reflect the change in 592 |
---|
742 | | - | such index provided such cost of living allowance shall not be less 593 |
---|
743 | | - | than three per cent. 594 |
---|
744 | | - | (k) Beginning the first day of January or July which follows nine 595 |
---|
745 | | - | months in retirement, a retired member who retired on or after 596 |
---|
746 | | - | September 1, 1992, or a member's successor beneficiary, except a 597 |
---|
747 | | - | person receiving survivor's benefits, shall be eligible for an annual cost 598 |
---|
748 | | - | of living allowance calculated in accordance with the provisions of 599 |
---|
749 | | - | subsections (l) or (m) of this section on any benefit except a benefit 600 |
---|
750 | | - | based upon such member's one per cent contributions or voluntary 601 |
---|
751 | | - | contributions. Such cost of living allowance shall be computed on the 602 |
---|
752 | | - | basis of the retirement benefits to which such retired member or 603 |
---|
753 | | - | successor beneficiary was entitled on the last day of the preceding 604 |
---|
754 | | - | December or June except benefits based upon one per cent or 605 |
---|
755 | | - | voluntary contributions. Such member's successor beneficiary means 606 |
---|
756 | | - | any person, other than such member, receiving benefits as the result of 607 Substitute Bill No. 1119 |
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762 | | - | |
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763 | | - | the election of a period certain option or a coparticipant option, 608 |
---|
764 | | - | including an election for such an option by a surviving spouse under 609 |
---|
765 | | - | subsection (d) of section 10-183h, as amended by this act. The right to 610 |
---|
766 | | - | such allowance, or any portion thereof, may be waived by the person 611 |
---|
767 | | - | entitled thereto at any time. Any waiver shall remain in effect until the 612 |
---|
768 | | - | first day of the month following such person's death or the filing with 613 |
---|
769 | | - | the board of a written notice of cancellation of the waiver. Any 614 |
---|
770 | | - | allowance waived shall be forever forfeited. 615 |
---|
771 | | - | (l) (1) Beginning the first day of January or July which follows nine 616 |
---|
772 | | - | months in retirement, a retired member who retired on or after 617 |
---|
773 | | - | September 1, 1992, or a member's successor beneficiary, except a 618 |
---|
774 | | - | person receiving survivor's benefits, shall be eligible for an annual cost 619 |
---|
775 | | - | of living allowance. The cost of living allowance shall be calculated by 620 |
---|
776 | | - | using the percentage cost of living adjustment granted by the Social 621 |
---|
777 | | - | Security Administration for the applicable year, computed on the basis 622 |
---|
778 | | - | of the retirement benefits to which such retired member or successor 623 |
---|
779 | | - | beneficiary was entitled on the last day of the preceding December or 624 |
---|
780 | | - | June except benefits based upon one per cent or voluntary 625 |
---|
781 | | - | contributions, provided no cost of living allowance shall exceed six per 626 |
---|
782 | | - | cent and provided further, if the total return earned by the trustees on 627 |
---|
783 | | - | the market value of the pension assets for the preceding fiscal year is 628 |
---|
784 | | - | less than eight and one-half per cent, any cost of living allowance 629 |
---|
785 | | - | granted shall not exceed one and one-half per cent. 630 |
---|
786 | | - | (2) A member entering the retirement system commencing on or 631 |
---|
787 | | - | after July 1, 2007, or such member's successor beneficiary, except a 632 |
---|
788 | | - | person receiving survivor's benefits, shall, beginning the first day of 633 |
---|
789 | | - | January or July that follows nine months in retirement, be eligible for 634 |
---|
790 | | - | an annual cost of living allowance as follows: The cost of living 635 |
---|
791 | | - | allowance shall be calculated by using the percentage cost of living 636 |
---|
792 | | - | adjustment granted by the Social Security Administration for the 637 |
---|
793 | | - | applicable year, computed on the basis of the retirement benefits to 638 |
---|
794 | | - | which such retired member or successor beneficiary was entitled on 639 |
---|
795 | | - | the last day of the preceding December or June, as applicable, except 640 Substitute Bill No. 1119 |
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796 | | - | |
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801 | | - | |
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802 | | - | benefits based upon one per cent or voluntary contributions, provided 641 |
---|
803 | | - | (A) no cost of living allowance shall exceed five per cent, and (B) if the 642 |
---|
804 | | - | total return earned by the trustees on the market value of the pension 643 |
---|
805 | | - | assets for the preceding fiscal year is less than eight and one-half per 644 |
---|
806 | | - | cent, any cost of living allowance granted shall not exceed one per 645 |
---|
807 | | - | cent, if such total return for the preceding fiscal year is greater than 646 |
---|
808 | | - | eight and one-half per cent but less than eleven and one-half per cent, 647 |
---|
809 | | - | any cost of living allowance granted shall not exceed three per cent, 648 |
---|
810 | | - | and if such return exceeds eleven and one-half per cent, any cost of 649 |
---|
811 | | - | living allowance granted shall not exceed five per cent. 650 |
---|
812 | | - | (m) Repealed by P.A. 07-186, S. 14. 651 |
---|
813 | | - | (n) Repealed by P.A. 07-186, S. 14. 652 |
---|
814 | | - | (o) On January 1, 1988, each eligible retired member who had 653 |
---|
815 | | - | rendered at least twenty-five years of full-time service prior to normal 654 |
---|
816 | | - | retirement under the provisions of subsection (a) of section 10-183f, as 655 |
---|
817 | | - | amended by this act, or such member's successor beneficiary, as 656 |
---|
818 | | - | defined in subsection (j) of this section, shall receive a single increase in 657 |
---|
819 | | - | retirement benefits provided under this chapter. Such increase shall be 658 |
---|
820 | | - | paid to such eligible members or successor beneficiaries whose 659 |
---|
821 | | - | monthly benefit as of December 31, 1987, before any reduction for an 660 |
---|
822 | | - | optional benefit payment plan, is less than eight hundred dollars, and 661 |
---|
823 | | - | shall be sufficient to increase such monthly benefit to eight hundred 662 |
---|
824 | | - | dollars. 663 |
---|
825 | | - | (p) On January 1, 1991, each eligible retired member who had 664 |
---|
826 | | - | rendered at least twenty-five years of full-time service at least twenty 665 |
---|
827 | | - | years of which were service in the public schools of Connecticut prior 666 |
---|
828 | | - | to early retirement before January 1, 1976, under the provisions of 667 |
---|
829 | | - | subsection (c) of section 10-183f, as amended by this act, or such 668 |
---|
830 | | - | member's successor beneficiary, as defined in subsection (j) of this 669 |
---|
831 | | - | section, shall receive a single increase in retirement benefits provided 670 |
---|
832 | | - | under this chapter. Such increase shall be paid to such eligible 671 |
---|
833 | | - | members or successor beneficiaries whose monthly benefit as of 672 Substitute Bill No. 1119 |
---|
834 | | - | |
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839 | | - | |
---|
840 | | - | December 31, 1990, before any reduction for an optional benefit 673 |
---|
841 | | - | payment plan, is less than eight hundred dollars, and shall be 674 |
---|
842 | | - | sufficient to increase such monthly benefit to eight hundred dollars. 675 |
---|
843 | | - | (q) On January 1, 1999, each eligible retired member who had 676 |
---|
844 | | - | rendered at least twenty-five years of full-time service, or such 677 |
---|
845 | | - | member's successor beneficiary, as defined in subsection (j) of this 678 |
---|
846 | | - | section, shall receive a single increase in benefits provided under this 679 |
---|
847 | | - | chapter. Such increase shall be sufficient to increase the monthly 680 |
---|
848 | | - | benefit of such eligible members or successor beneficiaries, whose 681 |
---|
849 | | - | monthly benefit as of December 31, 1998, before any actuarial 682 |
---|
850 | | - | reduction for early retirement or for an optional benefit payment plan, 683 |
---|
851 | | - | is less than twelve hundred dollars and shall be sufficient to increase 684 |
---|
852 | | - | such monthly benefit to twelve hundred dollars. 685 |
---|
853 | | - | (r) No retirement benefit payable under this chapter, including any 686 |
---|
854 | | - | cost of living allowance, shall exceed the maximum dollar limit in 687 |
---|
855 | | - | effect under Section 415(b) of the Internal Revenue Code for the 688 |
---|
856 | | - | applicable limitation year, as increased in subsequent years pursuant 689 |
---|
857 | | - | to Section 415(d) of the Internal Revenue Code. [A subsequent annual 690 |
---|
858 | | - | increase shall apply to a member if the increase becomes effective after 691 |
---|
859 | | - | the member retires or, if such increase becomes effective before a 692 |
---|
860 | | - | member retires, after the date on which such benefit begins to accrue.] 693 |
---|
861 | | - | Sec. 5. Section 10-183h of the general statutes is repealed and the 694 |
---|
862 | | - | following is substituted in lieu thereof (Effective July 1, 2019): 695 |
---|
863 | | - | (a) The basic survivor's monthly benefit, subject to a family 696 |
---|
864 | | - | maximum of one thousand five hundred dollars, shall be (1) three 697 |
---|
865 | | - | hundred dollars each for a surviving spouse, plus twenty-five dollars 698 |
---|
866 | | - | for each year of service in excess of twelve years in the Connecticut 699 |
---|
867 | | - | public schools completed by the member, subject to a maximum 700 |
---|
868 | | - | monthly benefit of six hundred dollars, (2) three hundred dollars each 701 |
---|
869 | | - | for a dependent former spouse; for a dependent parent if there is no 702 |
---|
870 | | - | surviving spouse or dependent child; and for a legal guardian of any 703 |
---|
871 | | - | dependent child if there is no surviving spouse, dependent former 704 Substitute Bill No. 1119 |
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877 | | - | |
---|
878 | | - | spouse or dependent parent, and (3) three hundred dollars for each 705 |
---|
879 | | - | dependent child. In applying the family maximum, the benefit shall be 706 |
---|
880 | | - | first allocated to the child or children, with the excess allocated to the 707 |
---|
881 | | - | surviving spouse and any dependent former spouse in proportion to 708 |
---|
882 | | - | the amount each would receive according to the above formula. 709 |
---|
883 | | - | Payment of the benefit shall commence on the last day of the month 710 |
---|
884 | | - | following the month of the member's death. Such benefit shall 711 |
---|
885 | | - | continue through the month preceding the month in which the 712 |
---|
886 | | - | survivor dies or ceases to be eligible for such benefit. Such benefit to 713 |
---|
887 | | - | the legal guardian of dependent children shall continue until all such 714 |
---|
888 | | - | children are no longer dependent, as defined in section 10-183b, as 715 |
---|
889 | | - | amended by this act. Notwithstanding the provisions of this 716 |
---|
890 | | - | subsection, any such surviving spouse, dependent former spouse, 717 |
---|
891 | | - | dependent parent or legal guardian may waive the right to payment of 718 |
---|
892 | | - | the benefit under this subsection in order that a designated beneficiary 719 |
---|
893 | | - | who is the child of the deceased member may receive such member's 720 |
---|
894 | | - | accumulated contributions plus credited interest. Such waiver shall be 721 |
---|
895 | | - | made prior to the payment of the benefit to any such surviving spouse, 722 |
---|
896 | | - | dependent former spouse, dependent parent or legal guardian. 723 |
---|
897 | | - | (b) [If no coparticipant option under 10-183j has become effective, a] 724 |
---|
898 | | - | A lump sum death benefit shall be payable to [the] a surviving spouse. 725 |
---|
899 | | - | Such benefit shall be one thousand dollars for five years or less of 726 |
---|
900 | | - | Connecticut public school service, plus two hundred dollars for each 727 |
---|
901 | | - | year of credited service in excess of five years, to a maximum of two 728 |
---|
902 | | - | thousand dollars. [For purposes of this subsection, purchased military 729 |
---|
903 | | - | service and purchased leaves of absence under subdivisions (3) and (8) 730 |
---|
904 | | - | of subsection (b) of section 10-183e shall be deemed to be Connecticut 731 |
---|
905 | | - | public school service.] If there is no surviving spouse, such benefit 732 |
---|
906 | | - | shall be equal to the member's burial expenses but not in excess of 733 |
---|
907 | | - | what would have been payable to a surviving spouse and shall be 734 |
---|
908 | | - | payable to the person who paid such expenses. No payment under this 735 |
---|
909 | | - | subsection shall be made unless application for the payment is filed 736 |
---|
910 | | - | with the board within two years of such member's death. 737 Substitute Bill No. 1119 |
---|
911 | | - | |
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916 | | - | |
---|
917 | | - | (c) In lieu of such basic survivor's benefit and such lump sum death 738 |
---|
918 | | - | benefit, a sole survivor who has attained age eighteen, and is the 739 |
---|
919 | | - | member's designated beneficiary may elect to receive an amount equal 740 |
---|
920 | | - | to such member's accumulated contributions together with credited 741 |
---|
921 | | - | interest. [When a member has designated two or more beneficiaries, 742 |
---|
922 | | - | who have, at the time of such member's death, attained age eighteen, 743 |
---|
923 | | - | the one entitled to basic survivor's benefits, if any, shall be deemed the 744 |
---|
924 | | - | sole survivor within the meaning of this subsection, provided, that all 745 |
---|
925 | | - | other designated beneficiaries relinquish all claim to any amounts that 746 |
---|
926 | | - | may be due them from the system.] 747 |
---|
927 | | - | (d) The surviving spouse of any member who, at the time of death 748 |
---|
928 | | - | was eligible for a retirement benefit other than a disability benefit and 749 |
---|
929 | | - | had not filed a waiver of the coparticipant's option, may elect to 750 |
---|
930 | | - | receive (1) a monthly benefit for life equal to the benefit payable if a 751 |
---|
931 | | - | one hundred per cent coparticipant's option had been elected, or (2) an 752 |
---|
932 | | - | amount equal to the member's accumulated contributions with 753 |
---|
933 | | - | credited interest. 754 |
---|
934 | | - | (e) If no coparticipant option has become effective and if the 755 |
---|
935 | | - | aggregate payments under this section are less than the accumulated 756 |
---|
936 | | - | mandatory contributions of a deceased member plus credited interest, 757 |
---|
937 | | - | there shall be paid to such member's designated beneficiary an amount 758 |
---|
938 | | - | equal to the difference between such aggregate payments and such 759 |
---|
939 | | - | accumulated mandatory contributions plus credited interest. 760 |
---|
940 | | - | (f) Notwithstanding the provisions of subparagraph (B) of 761 |
---|
941 | | - | subdivision [(23)] (27) of section 10-183b, as amended by this act, 762 |
---|
942 | | - | benefits payable under this section to a surviving spouse shall not be 763 |
---|
943 | | - | terminated because of remarriage if such surviving spouse has 764 |
---|
944 | | - | attained the age of sixty. 765 |
---|
945 | | - | (g) If a member who has filed an application for retirement dies 766 |
---|
946 | | - | prior to the effective date of retirement, such member's spouse, if such 767 |
---|
947 | | - | spouse is designated on such application as the sole beneficiary, may 768 |
---|
948 | | - | elect to receive either (1) the preretirement death benefits as set forth in 769 Substitute Bill No. 1119 |
---|
949 | | - | |
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954 | | - | |
---|
955 | | - | this section, or (2) the benefit payment option selected by the deceased 770 |
---|
956 | | - | member on such retirement application. 771 |
---|
957 | | - | Sec. 6. Subsection (a) of section 10-183i of the general statutes is 772 |
---|
958 | | - | repealed and the following is substituted in lieu thereof (Effective July 773 |
---|
959 | | - | 1, 2019): 774 |
---|
960 | | - | (a) A member may make voluntary contributions to the system and 775 |
---|
961 | | - | may, no more than once, withdraw such voluntary contributions from 776 |
---|
962 | | - | the system under rules of the board. Any voluntary contribution shall 777 |
---|
963 | | - | be made solely by payroll deduction of an amount subject to state, 778 |
---|
964 | | - | federal or local tax in the tax or income year in which such voluntary 779 |
---|
965 | | - | contribution is made. Voluntary contributions shall be subject to the 780 |
---|
966 | | - | limitations imposed under Section 415(c) of the Internal Revenue Code 781 |
---|
967 | | - | for the applicable limitation year. Such contributions shall earn 782 |
---|
968 | | - | credited interest. Upon retirement such member shall elect to receive 783 |
---|
969 | | - | the accumulated contributions plus credited interest either in a lump 784 |
---|
970 | | - | sum or in the form of an actuarially equivalent annuity for life. Such 785 |
---|
971 | | - | lump sum, [or] if elected, shall be paid not later than three months 786 |
---|
972 | | - | after the effective date of retirement, except the board may delay 787 |
---|
973 | | - | payment of such lump sum in the case of extenuating circumstances. If 788 |
---|
974 | | - | such delay occurs, the board shall submit a written notice to the 789 |
---|
975 | | - | member explaining the nature of the extenuating circumstances and an 790 |
---|
976 | | - | estimate as to when such lump sum shall be paid. Payment of such 791 |
---|
977 | | - | annuity, if elected, shall [be paid or commenced to be paid] commence 792 |
---|
978 | | - | when the first payment of such member's other retirement benefit is 793 |
---|
979 | | - | made. If such member dies before the effective date of his or her 794 |
---|
980 | | - | retirement, the accumulated contributions plus credited interest shall 795 |
---|
981 | | - | be paid to such member's designated beneficiary. 796 |
---|
982 | | - | Sec. 7. Section 10-183j of the general statutes is repealed and the 797 |
---|
983 | | - | following is substituted in lieu thereof (Effective July 1, 2019): 798 |
---|
984 | | - | (a) [In lieu of a normal, early, proratable or deferred vested benefit, 799 |
---|
985 | | - | a] A member [may] shall elect [either] one of the benefit options 800 |
---|
986 | | - | described in [subsections] subsection (b), [and] (c) or (d) of this section. 801 Substitute Bill No. 1119 |
---|
987 | | - | |
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992 | | - | |
---|
993 | | - | (b) The Plan N normal allowance may be elected in which the 802 |
---|
994 | | - | member receives an unreduced benefit for life and, upon such 803 |
---|
995 | | - | member's death, such member's designated beneficiary shall receive a 804 |
---|
996 | | - | partial refund of such member's accumulated contributions if twenty-805 |
---|
997 | | - | five per cent of the aggregate benefits received by such member 806 |
---|
998 | | - | between his or her retirement date and death are less than such 807 |
---|
999 | | - | member's accumulated regular contributions, including any one per 808 |
---|
1000 | | - | cent contributions withheld prior to July 1, 1989, and any voluntary 809 |
---|
1001 | | - | contributions plus credited interest. The amount of such partial refund 810 |
---|
1002 | | - | shall equal the difference between (1) such member's accumulated 811 |
---|
1003 | | - | contributions plus credited interest that had accrued as of the date 812 |
---|
1004 | | - | retirement benefits commenced, and (2) twenty-five per cent of the 813 |
---|
1005 | | - | aggregate retirement benefit paid to such member prior to such 814 |
---|
1006 | | - | member's death. 815 |
---|
1007 | | - | [(b) A] (c) The Plan C period certain option may be elected in which 816 |
---|
1008 | | - | the member receives an actuarially reduced benefit for a fixed period 817 |
---|
1009 | | - | of time selected by such member and for the remainder of such 818 |
---|
1010 | | - | member's life. Such member may select a fixed period of twenty-five 819 |
---|
1011 | | - | years or such shorter period as the board may offer. If such member 820 |
---|
1012 | | - | dies before receiving the benefit for the selected period, such benefit 821 |
---|
1013 | | - | shall be paid to the member's designated beneficiary for the remainder 822 |
---|
1014 | | - | of such period. If such designated beneficiary dies before receiving the 823 |
---|
1015 | | - | remaining payments for the selected period, any remaining payments 824 |
---|
1016 | | - | shall be paid to such designated beneficiary's estate as a commuted 825 |
---|
1017 | | - | value. If such member's designated beneficiary dies before such 826 |
---|
1018 | | - | member, or if such member has no designated beneficiary and such 827 |
---|
1019 | | - | member dies prior to the expiration of the period described in this 828 |
---|
1020 | | - | subsection, the commuted value shall be paid to such member's estate. 829 |
---|
1021 | | - | [(c) A] (d) (1) The Plan D coparticipant's option may be elected in 830 |
---|
1022 | | - | which the member receives an actuarially reduced benefit as provided 831 |
---|
1023 | | - | in [subsection (d)] subdivision (2) of this [section] subsection and upon 832 |
---|
1024 | | - | such member's death, one-third, one-half, two-thirds, three-fourths or 833 |
---|
1025 | | - | all of such amount is paid to such member's designated beneficiary for 834 Substitute Bill No. 1119 |
---|
1026 | | - | |
---|
1027 | | - | |
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1031 | | - | |
---|
1032 | | - | life. Any member who elects said option shall designate a sole 835 |
---|
1033 | | - | designated beneficiary, who shall be such member's coparticipant. 836 |
---|
1034 | | - | Such designation shall be irrevocable and shall terminate only as 837 |
---|
1035 | | - | provided in subparagraph (B) of subdivision (2) of this subsection. 838 |
---|
1036 | | - | With respect to any benefits which become effective on or after January 839 |
---|
1037 | | - | 1, 2001, if twenty-five per cent of the aggregate benefits paid to the 840 |
---|
1038 | | - | member or such member's designated beneficiary are, upon the death 841 |
---|
1039 | | - | of such member or such designated beneficiary, less than such 842 |
---|
1040 | | - | member's accumulated contributions plus credited interest, the estate 843 |
---|
1041 | | - | of such member or such designated beneficiary, as appropriate, shall 844 |
---|
1042 | | - | be paid a lump sum amount equal to the difference between such 845 |
---|
1043 | | - | [aggregate benefits paid and such accumulated contributions plus 846 |
---|
1044 | | - | credited interest] accumulated contributions plus credited interest that 847 |
---|
1045 | | - | had accrued as of the date benefits commenced, less twenty-five per 848 |
---|
1046 | | - | cent of the aggregate benefit paid. 849 |
---|
1047 | | - | [(d)] (2) The benefits payable to such member and such 850 |
---|
1048 | | - | coparticipant shall be computed as follows: 851 |
---|
1049 | | - | [(1)] (A) The benefit payable to such member at retirement and to 852 |
---|
1050 | | - | such coparticipant upon such member's death shall be the actuarial 853 |
---|
1051 | | - | equivalent of the normal, early or proratable benefit for which such 854 |
---|
1052 | | - | member is eligible and based upon such member's age at retirement 855 |
---|
1053 | | - | and the age of such coparticipant on such retirement date. In the event 856 |
---|
1054 | | - | the member predeceases the coparticipant, upon the death of the 857 |
---|
1055 | | - | coparticipant, any remaining benefit shall be paid in a lump sum to the 858 |
---|
1056 | | - | coparticipant's estate. In the event the coparticipant predeceases the 859 |
---|
1057 | | - | member, the member's actuarially reduced benefit shall revert to the 860 |
---|
1058 | | - | unreduced benefit provided for under Plan N and, upon the member's 861 |
---|
1059 | | - | death, any remaining value in the member's account shall be paid to 862 |
---|
1060 | | - | the member's designated beneficiary, if any, otherwise to the member's 863 |
---|
1061 | | - | estate. 864 |
---|
1062 | | - | [(2) The benefit payable to such coparticipant of such member who 865 |
---|
1063 | | - | dies after such option first becomes effective but before retirement 866 |
---|
1064 | | - | shall be the actuarial equivalent of the normal, early or proratable 867 Substitute Bill No. 1119 |
---|
1065 | | - | |
---|
1066 | | - | |
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1070 | | - | |
---|
1071 | | - | benefit for which such member was eligible based on such member's 868 |
---|
1072 | | - | age at death and the age of such coparticipant on such date of death.] 869 |
---|
1073 | | - | [(3) (A)] (B) (i) Except as provided in subparagraph [(B)] (B)(ii) of 870 |
---|
1074 | | - | this subdivision, a coparticipant option shall be terminated, for any 871 |
---|
1075 | | - | member whose designated coparticipant dies, is legally separated or is 872 |
---|
1076 | | - | divorced from the member after the member's retirement, on the date 873 |
---|
1077 | | - | of such death or divorce. Such member shall thereupon be paid the 874 |
---|
1078 | | - | normal, early or proratable retirement benefit for which the member is 875 |
---|
1079 | | - | eligible. [(B)] (ii) On and after July 1, 2016, upon the legal separation or 876 |
---|
1080 | | - | divorce of a member and such member's designated coparticipant 877 |
---|
1081 | | - | subsequent to the member's retirement, the member may retain the 878 |
---|
1082 | | - | coparticipant designation and the coparticipant option elected at the 879 |
---|
1083 | | - | time of retirement by filing a [qualified] domestic relations order with 880 |
---|
1084 | | - | the board. 881 |
---|
1085 | | - | Sec. 8. Section 10-183k of the general statutes is repealed and the 882 |
---|
1086 | | - | following is substituted in lieu thereof (Effective July 1, 2019): 883 |
---|
1087 | | - | (a) A member who voluntarily or involuntarily terminates service 884 |
---|
1088 | | - | with his or her employer prior to retirement or death shall be entitled 885 |
---|
1089 | | - | to have refunded his or her accumulated voluntary contributions with 886 |
---|
1090 | | - | credited interest. 887 |
---|
1091 | | - | (b) A member who voluntarily or involuntarily terminates service 888 |
---|
1092 | | - | with his or her employer prior to retirement or death with less than 889 |
---|
1093 | | - | five years' credited service in the public schools of Connecticut shall be 890 |
---|
1094 | | - | entitled to have refunded his or her accumulated regular contributions 891 |
---|
1095 | | - | with credited interest. A member who voluntarily or involuntarily 892 |
---|
1096 | | - | terminates service with his or her employer prior to retirement or 893 |
---|
1097 | | - | death with more than five years of credited service in the public 894 |
---|
1098 | | - | schools of Connecticut shall be entitled to have refunded his or her 895 |
---|
1099 | | - | accumulated regular contributions with credited interest and his or her 896 |
---|
1100 | | - | accumulated one per cent contributions withheld prior to July 1, 1989. 897 |
---|
1101 | | - | (c) A member who voluntarily or involuntarily terminates service 898 Substitute Bill No. 1119 |
---|
1102 | | - | |
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1103 | | - | |
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1107 | | - | |
---|
1108 | | - | with his or her employer prior to retirement or death with more than 899 |
---|
1109 | | - | ten years' credited service in the public schools of Connecticut but 900 |
---|
1110 | | - | prior to retirement may elect to receive in lieu of the benefits provided 901 |
---|
1111 | | - | by this chapter a refund of his or her accumulated contributions with 902 |
---|
1112 | | - | credited interest as provided in subsection (b) of this section. If such 903 |
---|
1113 | | - | member elects a refund, all credited service shall be cancelled and any 904 |
---|
1114 | | - | rights to benefits provided by this chapter shall be extinguished, 905 |
---|
1115 | | - | except as provided in subsection (d) of this section. If such member 906 |
---|
1116 | | - | does not elect a refund, [but dies before age sixty or before receiving 907 |
---|
1117 | | - | the deferred vested benefit, if later,] such member's accumulated 908 |
---|
1118 | | - | voluntary contributions, accumulated regular contributions and 909 |
---|
1119 | | - | accumulated one per cent contributions withheld prior to July 1, 1989, 910 |
---|
1120 | | - | together with credited interest shall be paid to such member's 911 |
---|
1121 | | - | designated beneficiary. 912 |
---|
1122 | | - | (d) A member who receives a refund and returns to service shall be 913 |
---|
1123 | | - | regarded as a new member unless such member repays, subject to the 914 |
---|
1124 | | - | requirements established by the board, the amount refunded 915 |
---|
1125 | | - | representing service teaching in the public schools of Connecticut, 916 |
---|
1126 | | - | other than voluntary contributions and the interest thereon, together 917 |
---|
1127 | | - | with credited interest compounded from the date interest was last 918 |
---|
1128 | | - | credited to such member's account to the date of repayment. The 919 |
---|
1129 | | - | credited service accumulated before termination and any unrefunded 920 |
---|
1130 | | - | one per cent contributions withheld prior to July 1, 1989, and credited 921 |
---|
1131 | | - | interest shall be restored to a member who makes such repayment. 922 |
---|
1132 | | - | Restored contributions and interest shall be credited with credited 923 |
---|
1133 | | - | interest for the period between the last day for which interest was 924 |
---|
1134 | | - | credited on such contributions and such member's [return to service] 925 |
---|
1135 | | - | date of repayment. 926 |
---|
1136 | | - | Sec. 9. Section 10-183l of the general statutes is repealed and the 927 |
---|
1137 | | - | following is substituted in lieu thereof (Effective July 1, 2019): 928 |
---|
1138 | | - | (a) (1) On and after July 1, 1991, the management of the system shall 929 |
---|
1139 | | - | continue to be vested in the Teachers' Retirement Board, whose 930 |
---|
1140 | | - | members shall include the Treasurer, the Secretary of the Office of 931 Substitute Bill No. 1119 |
---|
1141 | | - | |
---|
1142 | | - | |
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1145 | | - | 31 of 51 |
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1146 | | - | |
---|
1147 | | - | Policy and Management and the Commissioner of Education, or their 932 |
---|
1148 | | - | designees, who shall be voting members of the board, ex officio. (2) On 933 |
---|
1149 | | - | or before June 15, 1985, and quadrennially thereafter, the members of 934 |
---|
1150 | | - | the system shall elect from their number, in a manner prescribed by 935 |
---|
1151 | | - | said board, two persons to serve as members of said board for terms of 936 |
---|
1152 | | - | four years beginning July first following such election. Both of such 937 |
---|
1153 | | - | persons shall be active teachers who shall be nominated by the 938 |
---|
1154 | | - | members of the system who are not retired and elected by all the 939 |
---|
1155 | | - | members of the system. On or before July 1, 1991, and quadrennially 940 |
---|
1156 | | - | thereafter, the members of the system shall elect from their number, in 941 |
---|
1157 | | - | a manner prescribed by said board, three persons to serve as members 942 |
---|
1158 | | - | of said board for terms of four years beginning July first following 943 |
---|
1159 | | - | such election. Two of such persons shall be retired teachers who shall 944 |
---|
1160 | | - | be nominated by the retired members of the system and elected by all 945 |
---|
1161 | | - | the members of the system and one shall be an active teacher who shall 946 |
---|
1162 | | - | be nominated by the members of the system who are not retired and 947 |
---|
1163 | | - | elected by all the members of the system. (3) On or before July 1, 2011, 948 |
---|
1164 | | - | and quadrennially thereafter, the members of the system shall elect 949 |
---|
1165 | | - | from their number, in a manner prescribed by said board, one person 950 |
---|
1166 | | - | to serve as a member of said board for a term of four years beginning 951 |
---|
1167 | | - | July first following such election. Such person shall be an active 952 |
---|
1168 | | - | teacher who shall be nominated by the members of the system who are 953 |
---|
1169 | | - | not retired, elected by all the members of the system and a member of 954 |
---|
1170 | | - | an exclusive representative of a teachers' bargaining unit that is not 955 |
---|
1171 | | - | represented by the members of the board elected under subdivision (2) 956 |
---|
1172 | | - | of this subsection. (4) If a vacancy occurs in the positions filled by the 957 |
---|
1173 | | - | members of the system who are not retired, said board shall elect a 958 |
---|
1174 | | - | member of the system who is not retired to fill the unexpired portion 959 |
---|
1175 | | - | of the term. If a vacancy occurs in the positions filled by the retired 960 |
---|
1176 | | - | members of the system, said board shall elect a retired member of the 961 |
---|
1177 | | - | system to fill the unexpired portion of the term. The Governor shall 962 |
---|
1178 | | - | appoint five public members to said board in accordance with the 963 |
---|
1179 | | - | provisions of section 4-9a, one of whom shall be the mayor, first 964 |
---|
1180 | | - | selectman or chief elected official of a municipality. On and after the 965 |
---|
1181 | | - | effective date of this section, the Governor shall fill the next vacant 966 Substitute Bill No. 1119 |
---|
1182 | | - | |
---|
1183 | | - | |
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1187 | | - | |
---|
1188 | | - | position on the board that is appointed by the Governor with a person 967 |
---|
1189 | | - | who is the mayor, first selectman or chief elected official of a 968 |
---|
1190 | | - | municipality. The members of the board shall serve without 969 |
---|
1191 | | - | compensation, but shall be reimbursed for any expenditures or loss of 970 |
---|
1192 | | - | salary or wages which they incur through service on the board. Six 971 |
---|
1193 | | - | members of the board shall constitute a quorum for the transaction of 972 |
---|
1194 | | - | any business. All decisions of the board shall require the approval of 973 |
---|
1195 | | - | [six members of the board or] a majority of the members who are 974 |
---|
1196 | | - | present [, whichever is greater] at a meeting at which a quorum is 975 |
---|
1197 | | - | present. 976 |
---|
1198 | | - | (b) In carrying out its duties, the board may employ [a secretary] an 977 |
---|
1199 | | - | executive director, who shall also serve as secretary of the board and 978 |
---|
1200 | | - | such [clerical and other assistance] staff as may be necessary. Their 979 |
---|
1201 | | - | salaries shall be paid by said board with the approval of the Secretary 980 |
---|
1202 | | - | of the Office of Policy and Management. Said board shall employ the 981 |
---|
1203 | | - | services of one or more actuaries, each of which shall be an individual 982 |
---|
1204 | | - | or firm having on its staff a fellow of the Society of Actuaries, to carry 983 |
---|
1205 | | - | out the actuarial duties of this section and sections 10-183b, as 984 |
---|
1206 | | - | amended by this act, 10-183r, and 10-183z and for such related 985 |
---|
1207 | | - | purposes as the board deems advisable. The cost of such services shall 986 |
---|
1208 | | - | be charged to the funds provided for in section 10-183r. Said board 987 |
---|
1209 | | - | shall arrange for such actuary to prepare an actuarial valuation of the 988 |
---|
1210 | | - | assets and liabilities of the system as of June 30, 1980, and at least once 989 |
---|
1211 | | - | every two years thereafter. On the basis of reasonable actuarial 990 |
---|
1212 | | - | assumptions approved by the board, such actuary shall determine the 991 |
---|
1213 | | - | [normal cost] actuarially determined employer contribution required 992 |
---|
1214 | | - | to meet the actuarial cost of current service and the unfunded accrued 993 |
---|
1215 | | - | liability. Commencing December 1, 2002, such valuation shall be 994 |
---|
1216 | | - | completed prior to December first biennially. Said board shall adopt all 995 |
---|
1217 | | - | needed actuarial tables and may adopt regulations and rules not 996 |
---|
1218 | | - | inconsistent with this chapter, including regulations and rules for 997 |
---|
1219 | | - | payment of purchased service credits and repayment of previously 998 |
---|
1220 | | - | withdrawn accumulated contributions. Said board shall establish [such 999 |
---|
1221 | | - | funds as are] an operational budget necessary for the management of 1000 Substitute Bill No. 1119 |
---|
1222 | | - | |
---|
1223 | | - | |
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1227 | | - | |
---|
1228 | | - | the system. The board may enter into such contractual agreements, in 1001 |
---|
1229 | | - | accordance with established procedures, as may be necessary for the 1002 |
---|
1230 | | - | discharge of its duties. 1003 |
---|
1231 | | - | Sec. 10. Section 10-183n of the general statutes is repealed and the 1004 |
---|
1232 | | - | following is substituted in lieu thereof (Effective July 1, 2019): 1005 |
---|
1233 | | - | (a) Each employer shall: (1) Before employing a teacher notify such 1006 |
---|
1234 | | - | teacher of the provisions of this chapter applicable to such teacher; (2) 1007 |
---|
1235 | | - | distribute, post or otherwise disseminate in a timely manner, to 1008 |
---|
1236 | | - | teachers in its employ, any notices, bulletins, newsletters, annual 1009 |
---|
1237 | | - | statements of account and other information supplied by the board for 1010 |
---|
1238 | | - | the purpose of properly notifying teachers of their rights and 1011 |
---|
1239 | | - | obligations under the system; (3) furnish to the board at times 1012 |
---|
1240 | | - | designated by said board such reports and information as the board 1013 |
---|
1241 | | - | deems necessary or desirable for the proper administration of the 1014 |
---|
1242 | | - | system; and (4) deduct each month [seven] eight and one-fourth per 1015 |
---|
1243 | | - | cent of one-tenth of such teacher's annual salary rate as directed by 1016 |
---|
1244 | | - | said board and any additional voluntary deductions as authorized by 1017 |
---|
1245 | | - | such teacher. [, except that no deductions shall be made from any 1018 |
---|
1246 | | - | amounts received by regularly employed teachers for special teaching 1019 |
---|
1247 | | - | assignments rendered for the State Board of Education or the Board of 1020 |
---|
1248 | | - | Regents for Higher Education unless the salary for such special 1021 |
---|
1249 | | - | teaching assignment is equal to or greater than the minimum salary 1022 |
---|
1250 | | - | paid for such teacher's regular teaching assignment.] In the event the 1023 |
---|
1251 | | - | employer does not deduct the amount set forth in subdivision (4) of 1024 |
---|
1252 | | - | this subsection, the member shall remit such payment to the board 1025 |
---|
1253 | | - | plus credited interest from the date the deduction was required by the 1026 |
---|
1254 | | - | employer to the date of payment, except the board may waive any 1027 |
---|
1255 | | - | amount due that it believes would cause hardship to such member. 1028 |
---|
1256 | | - | The board shall not be required to refund credited interest for 1029 |
---|
1257 | | - | payments made prior to the date such deduction was required. 1030 |
---|
1258 | | - | (b) Each local treasurer or other person having custody of amounts 1031 |
---|
1259 | | - | deducted under this chapter by an employer shall transmit and report 1032 |
---|
1260 | | - | such amounts to the board so that they are received by said board no 1033 Substitute Bill No. 1119 |
---|
1261 | | - | |
---|
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1266 | | - | |
---|
1267 | | - | later than the fifth business day of the following month. On and after 1034 |
---|
1268 | | - | July 1, 2001, all such amounts shall be transmitted via electronic 1035 |
---|
1269 | | - | transfer of funds. Such amounts shall at all times be the property of the 1036 |
---|
1270 | | - | system and while in the custody of such local treasurer or other person 1037 |
---|
1271 | | - | such person is a fiduciary with respect to such amounts and shall 1038 |
---|
1272 | | - | discharge a fiduciary's responsibilities solely for the benefit of the 1039 |
---|
1273 | | - | system. If such amounts are not accompanied by the reports and 1040 |
---|
1274 | | - | information deemed necessary or desirable by the board for the proper 1041 |
---|
1275 | | - | administration of the system, in accordance with subsection (a) of this 1042 |
---|
1276 | | - | section, the board may deem such amounts not received by the fifth 1043 |
---|
1277 | | - | business day of the following month for purposes of this subsection 1044 |
---|
1278 | | - | until the date on which such reports and information are received. Said 1045 |
---|
1279 | | - | board shall be entitled to receive from an employer interest at the rate 1046 |
---|
1280 | | - | of nine per cent per year from the due date on all amounts deducted 1047 |
---|
1281 | | - | by such employer and not received by said board by the fifth business 1048 |
---|
1282 | | - | day of the following month. Interest at the rate of nine per cent per 1049 |
---|
1283 | | - | year shall be compounded annually on the interest assessed from the 1050 |
---|
1284 | | - | date payment is received to the date the interest assessment is paid. 1051 |
---|
1285 | | - | Such interest shall be treated as an amount earned by assets of the 1052 |
---|
1286 | | - | system. 1053 |
---|
1287 | | - | (c) All amounts received by the board under this section shall be 1054 |
---|
1288 | | - | forwarded to the State Treasurer. 1055 |
---|
1289 | | - | (d) Each member shall file with the board [an enrollment and such 1056 |
---|
1290 | | - | other] such forms, documents and information as the board deems 1057 |
---|
1291 | | - | necessary or desirable for the proper administration of the system. 1058 |
---|
1292 | | - | Sec. 11. Section 10-183o of the general statutes is repealed and the 1059 |
---|
1293 | | - | following is substituted in lieu thereof (Effective July 1, 2019): 1060 |
---|
1294 | | - | During any period when this country is at war, a board of education 1061 |
---|
1295 | | - | may [cause to be paid] pay to the retirement board the mandatory 1062 |
---|
1296 | | - | contributions of members who were in its employ at the time of 1063 |
---|
1297 | | - | entering into the armed forces, as defined in section 27-103, [. Such 1064 |
---|
1298 | | - | contributions as may be approved by the board of education shall be 1065 Substitute Bill No. 1119 |
---|
1299 | | - | |
---|
1300 | | - | |
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1304 | | - | |
---|
1305 | | - | included in the annual itemized budget estimate of the costs of 1066 |
---|
1306 | | - | maintenance of public schools for the ensuing year] on behalf of such 1067 |
---|
1307 | | - | members, in accordance with the Uniformed Services Employment 1068 |
---|
1308 | | - | and Reemployment Rights Act of 1994, 38 USC Chapter 43, as 1069 |
---|
1309 | | - | amended from time to time. 1070 |
---|
1310 | | - | Sec. 12. Section 10-183p of the general statutes is repealed and the 1071 |
---|
1311 | | - | following is substituted in lieu thereof (Effective July 1, 2019): 1072 |
---|
1312 | | - | [(a) Any member of either the state employees retirement system or 1073 |
---|
1313 | | - | the teachers' retirement system, if eligible to belong to the other or in 1074 |
---|
1314 | | - | accordance with the provisions of subsection (h) of section 5-160 or 1075 |
---|
1315 | | - | section 5-192e, may transfer from the one to which such member 1076 |
---|
1316 | | - | belongs to the other or prior to the first of the month following three 1077 |
---|
1317 | | - | months after June 28, 1985, to an alternate retirement program, as 1078 |
---|
1318 | | - | defined in subsection (u) of section 5-154, when authorized to do so, in 1079 |
---|
1319 | | - | the case of a transfer between said systems or a transfer from the 1080 |
---|
1320 | | - | teachers' retirement system to an alternate retirement program, by the 1081 |
---|
1321 | | - | concurrent action of the State Employees Retirement Commission and 1082 |
---|
1322 | | - | the Teachers' Retirement Board. No person shall be eligible to 1083 |
---|
1323 | | - | membership in more than one such system or program at the same 1084 |
---|
1324 | | - | time, provided nothing contained herein shall affect the rights of any 1085 |
---|
1325 | | - | person who, on June 18, 1953, was a member of both systems. Any 1086 |
---|
1326 | | - | member of the teachers' retirement system who elects or has elected to 1087 |
---|
1327 | | - | participate in an alternate retirement program shall receive a refund of 1088 |
---|
1328 | | - | all contributions made by him into said system in lieu of any benefits 1089 |
---|
1329 | | - | under said system. Any former state employee who was, during such 1090 |
---|
1330 | | - | employee's period of employment, eligible to belong to either the state 1091 |
---|
1331 | | - | employees retirement system or the teachers' retirement system and 1092 |
---|
1332 | | - | who withdrew from the state employees retirement system after July 1, 1093 |
---|
1333 | | - | 1940, to become a member of the teachers' retirement system may be 1094 |
---|
1334 | | - | credited in the teachers' retirement system with such member's period 1095 |
---|
1335 | | - | of state service upon making application in writing to the secretary of 1096 |
---|
1336 | | - | the Teachers' Retirement Board and paying contributions for such 1097 |
---|
1337 | | - | period of service with credited interest from the date such service was 1098 Substitute Bill No. 1119 |
---|
1338 | | - | |
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1343 | | - | |
---|
1344 | | - | rendered. 1099 |
---|
1345 | | - | (b) No person who has creditable service as a member of the state 1100 |
---|
1346 | | - | employees retirement system and who transfers, on or after May 6, 1101 |
---|
1347 | | - | 1975, to the teachers' retirement system shall be entitled to benefits 1102 |
---|
1348 | | - | from the teachers' retirement system until such person has been a 1103 |
---|
1349 | | - | member of and contributed to said system for a period of one year. If 1104 |
---|
1350 | | - | such transferee dies or becomes disabled before completion of that one 1105 |
---|
1351 | | - | year, such transfer shall be deemed to be cancelled and such person 1106 |
---|
1352 | | - | shall be deemed to be a member of the state employees retirement 1107 |
---|
1353 | | - | system.] 1108 |
---|
1354 | | - | Any member who is also a participant in an alternate retirement 1109 |
---|
1355 | | - | program, as defined in subsection (u) of section 5-154, the state 1110 |
---|
1356 | | - | employees retirement system or any other retirement system, except a 1111 |
---|
1357 | | - | member who is a participant in the Social Security System or entitled 1112 |
---|
1358 | | - | to retirement pay under 10 USC Chapter 1223, as amended from time 1113 |
---|
1359 | | - | to time, may purchase service credit in the Connecticut teachers' 1114 |
---|
1360 | | - | retirement system, provided such member withdraws any and all 1115 |
---|
1361 | | - | employee funds and forfeits all employer contributions and earnings 1116 |
---|
1362 | | - | thereon in the respective system. A participant in any retirement 1117 |
---|
1363 | | - | system shall not be eligible to purchase service credit or an annuity 1118 |
---|
1364 | | - | with the teachers' retirement system if the employee's fund in the other 1119 |
---|
1365 | | - | retirement system includes employer contributions. No person shall be 1120 |
---|
1366 | | - | eligible for membership in more than one such system or program at 1121 |
---|
1367 | | - | the same time for the same service. 1122 |
---|
1368 | | - | Sec. 13. Section 10-183q of the general statutes is repealed and the 1123 |
---|
1369 | | - | following is substituted in lieu thereof (Effective July 1, 2019): 1124 |
---|
1370 | | - | (a) The portion of each member's compensation deducted or to be 1125 |
---|
1371 | | - | deducted under this chapter and all rights of each member and of each 1126 |
---|
1372 | | - | survivor to receive benefits or other payments under this chapter shall 1127 |
---|
1373 | | - | be exempt from the operation of any laws relating to bankruptcy or 1128 |
---|
1374 | | - | insolvency; and, except as provided in subsection (b) of this section, 1129 |
---|
1375 | | - | shall not be subject to garnishment, attachment, execution, levy or any 1130 Substitute Bill No. 1119 |
---|
1376 | | - | |
---|
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1381 | | - | |
---|
1382 | | - | other similar legal process of any court. [No] Except as provided in 1131 |
---|
1383 | | - | subsection (c) of this section, assignment of any right of a member or 1132 |
---|
1384 | | - | any other person to receive benefits or other payments from the system 1133 |
---|
1385 | | - | shall be valid. The funds of the system invested in personal property 1134 |
---|
1386 | | - | shall be exempt from taxation. 1135 |
---|
1387 | | - | (b) The portion of each member's compensation deducted or to be 1136 |
---|
1388 | | - | deducted under this chapter and all rights of each member and of each 1137 |
---|
1389 | | - | survivor to receive benefits or other payments under this chapter shall 1138 |
---|
1390 | | - | be subject to attachment in favor of an alternate payee as set forth in an 1139 |
---|
1391 | | - | approved domestic relations order. 1140 |
---|
1392 | | - | (c) For eligible rollover distributions made on or after January 1, 1141 |
---|
1393 | | - | 1993, a distributee may elect, at the time and in the manner prescribed 1142 |
---|
1394 | | - | by the board, to have any portion of such distribution paid directly to 1143 |
---|
1395 | | - | an eligible retirement plan by way of a direct rollover. For purposes of 1144 |
---|
1396 | | - | this subsection, (1) "distributee" means a member, a member's 1145 |
---|
1397 | | - | surviving spouse or a member's former spouse who is an alternate 1146 |
---|
1398 | | - | payee under an approved domestic relations order; (2) "eligible 1147 |
---|
1399 | | - | rollover distribution" and "eligible retirement plan" each have the 1148 |
---|
1400 | | - | meaning provided in Section 402 of the Internal Revenue Code of 1986, 1149 |
---|
1401 | | - | or any subsequent corresponding internal revenue code of the United 1150 |
---|
1402 | | - | States, as amended from time to time, except (A) a qualified trust shall 1151 |
---|
1403 | | - | be considered an eligible retirement plan only if it accepts the 1152 |
---|
1404 | | - | distributee's eligible rollover distribution; and (B) in the case of an 1153 |
---|
1405 | | - | eligible rollover distribution to a surviving spouse, an eligible 1154 |
---|
1406 | | - | retirement plan shall mean an individual retirement account or an 1155 |
---|
1407 | | - | individual retirement annuity as defined in Section 408 of said Internal 1156 |
---|
1408 | | - | Revenue Code. 1157 |
---|
1409 | | - | Sec. 14. Section 10-183t of the general statutes is repealed and the 1158 |
---|
1410 | | - | following is substituted in lieu thereof (Effective July 1, 2019): 1159 |
---|
1411 | | - | (a) The retirement board shall offer one or more health benefit plans 1160 |
---|
1412 | | - | to: Any member receiving retirement benefits or a disability allowance 1161 |
---|
1413 | | - | from the system; the spouse or surviving spouse of such member, and 1162 Substitute Bill No. 1119 |
---|
1414 | | - | |
---|
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1419 | | - | |
---|
1420 | | - | a disabled dependent of such member if there is no spouse or 1163 |
---|
1421 | | - | surviving spouse, provided such member, spouse, surviving spouse, 1164 |
---|
1422 | | - | or disabled dependent is participating in Medicare Part A hospital 1165 |
---|
1423 | | - | insurance and Medicare Part B medical insurance. The board may offer 1166 |
---|
1424 | | - | one or more basic plans, the cost of which to any such member, 1167 |
---|
1425 | | - | spouse, surviving spouse or disabled dependent shall be one-third of 1168 |
---|
1426 | | - | the basic plan's premium equivalent, and one or more optional plans, 1169 |
---|
1427 | | - | provided such member, spouse, surviving spouse or disabled 1170 |
---|
1428 | | - | dependent shall pay one-third of the basic plan's premium equivalent 1171 |
---|
1429 | | - | plus the difference in cost between any such basic plans and any such 1172 |
---|
1430 | | - | optional plans. The board shall designate those plans which are basic 1173 |
---|
1431 | | - | and those plans which are optional for the purpose of determining 1174 |
---|
1432 | | - | such cost and the amount to be charged or withheld from benefit 1175 |
---|
1433 | | - | payments for such plans. The surviving spouse of a member, or a 1176 |
---|
1434 | | - | disabled dependent of a member if there is no surviving spouse, shall 1177 |
---|
1435 | | - | not be ineligible for participation in any such plan solely because such 1178 |
---|
1436 | | - | surviving spouse or disabled dependent is not receiving benefits from 1179 |
---|
1437 | | - | the system. With respect to any person participating in any such plan, 1180 |
---|
1438 | | - | the state shall appropriate to the board one-third of the cost of such 1181 |
---|
1439 | | - | basic plan or plans, or one-third of the cost of the rate in effect during 1182 |
---|
1440 | | - | the fiscal year ending June 30, 1998, whichever is greater. [On and after 1183 |
---|
1441 | | - | July 1, 2012, federal reimbursements received by the retirement board 1184 |
---|
1442 | | - | under the retiree drug subsidy provisions of Medicare Part D shall be 1185 |
---|
1443 | | - | used to offset amounts appropriated by the state to the board pursuant 1186 |
---|
1444 | | - | to this subsection.] 1187 |
---|
1445 | | - | (b) Any member who is receiving retirement benefits or a disability 1188 |
---|
1446 | | - | allowance from the system, the spouse or surviving spouse of such 1189 |
---|
1447 | | - | member, or a disabled dependent of such member if there is no spouse 1190 |
---|
1448 | | - | or surviving spouse, and who is not participating in Medicare Part A 1191 |
---|
1449 | | - | hospital insurance and Medicare Part B medical insurance, may fully 1192 |
---|
1450 | | - | participate in any or all group health insurance plans maintained for 1193 |
---|
1451 | | - | active teachers by such member's last employing board of education, 1194 |
---|
1452 | | - | or by the state in the case of a member who was employed by the state, 1195 |
---|
1453 | | - | provided such member either meets the state's eligibility criteria for 1196 Substitute Bill No. 1119 |
---|
1454 | | - | |
---|
1455 | | - | |
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1459 | | - | |
---|
1460 | | - | health insurance or seeks to participate in the group health insurance 1197 |
---|
1461 | | - | plan offered by such member's last employing board of education, 1198 |
---|
1462 | | - | upon payment to such board of education or to the state, as applicable, 1199 |
---|
1463 | | - | by such member, spouse, surviving spouse or disabled dependent, of 1200 |
---|
1464 | | - | the premium charged for his form of coverage. Such premium shall be 1201 |
---|
1465 | | - | no greater than that charged for the same form of coverage for active 1202 |
---|
1466 | | - | teachers. The spouse, surviving spouse or disabled dependent shall not 1203 |
---|
1467 | | - | be ineligible for participation in any such plan solely because such 1204 |
---|
1468 | | - | spouse, surviving spouse or disabled dependent is not receiving 1205 |
---|
1469 | | - | benefits from the system. No person shall be ineligible for participation 1206 |
---|
1470 | | - | in such plans for failure to enroll in such plans at the time the 1207 |
---|
1471 | | - | member's retirement benefit or disability allowance became effective. 1208 |
---|
1472 | | - | Nothing in this subsection shall be construed to impair or alter the 1209 |
---|
1473 | | - | provisions of any collective bargaining agreement relating to the 1210 |
---|
1474 | | - | payment by a board of education of group health insurance premiums 1211 |
---|
1475 | | - | on behalf of any member receiving benefits from the system. Prior to 1212 |
---|
1476 | | - | the cancellation of coverage for any member, spouse, surviving spouse 1213 |
---|
1477 | | - | or disabled dependent for failure to pay the required premiums or cost 1214 |
---|
1478 | | - | due, the board of education or the state, if applicable, shall notify the 1215 |
---|
1479 | | - | Teachers' Retirement Board of its intention to cancel such coverage at 1216 |
---|
1480 | | - | least thirty days prior to the date of cancellation. Absent any 1217 |
---|
1481 | | - | contractual provisions to the contrary, the payments made pursuant to 1218 |
---|
1482 | | - | subsection (c) of this section shall be first applied to any cost borne by 1219 |
---|
1483 | | - | the member, spouse, surviving spouse or disabled dependent 1220 |
---|
1484 | | - | participating in any such plan. As used in this subsection, "last 1221 |
---|
1485 | | - | employing board of education" means the board of education by which 1222 |
---|
1486 | | - | such member was employed when such member filed his initial 1223 |
---|
1487 | | - | application for retirement, and "health insurance plans" means 1224 |
---|
1488 | | - | hospital, medical, major medical, dental, prescription drug or auditory 1225 |
---|
1489 | | - | benefit plans that are available to active teachers. 1226 |
---|
1490 | | - | (c) (1) On and after July 1, 2000, the board shall pay a subsidy equal 1227 |
---|
1491 | | - | to the subsidy paid in the fiscal year ending June 30, 2000, to the board 1228 |
---|
1492 | | - | of education or to the state, if applicable, on behalf of any member who 1229 |
---|
1493 | | - | is receiving retirement benefits or a disability allowance from the 1230 Substitute Bill No. 1119 |
---|
1494 | | - | |
---|
1495 | | - | |
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1499 | | - | |
---|
1500 | | - | system, the spouse of such member, the surviving spouse of such 1231 |
---|
1501 | | - | member, or a disabled dependent of such member if there is no spouse 1232 |
---|
1502 | | - | or surviving spouse, who is participating in a health insurance plan 1233 |
---|
1503 | | - | maintained by a board of education or by the state, if applicable. Such 1234 |
---|
1504 | | - | payment shall not exceed the actual cost of such insurance. 1235 |
---|
1505 | | - | (2) With respect to any person participating in any such plan 1236 |
---|
1506 | | - | pursuant to subsection (b) of this section, the state shall appropriate to 1237 |
---|
1507 | | - | the board one-third of the cost of the subsidy, except that, for the fiscal 1238 |
---|
1508 | | - | year ending June 30, 2013, the state shall appropriate twenty-five per 1239 |
---|
1509 | | - | cent of the cost of the subsidy. On and after July 1, 2018, for the fiscal 1240 |
---|
1510 | | - | year ending June 30, 2019, and for each fiscal year thereafter, fifty per 1241 |
---|
1511 | | - | cent of the total amount appropriated by the state in each such fiscal 1242 |
---|
1512 | | - | year for the state's share of the cost of such subsidies shall be paid to 1243 |
---|
1513 | | - | the board on or before July first of such fiscal year, and the remaining 1244 |
---|
1514 | | - | fifty per cent of such total amount shall be paid to the board on or 1245 |
---|
1515 | | - | before December first of such fiscal year. 1246 |
---|
1516 | | - | (3) No payment to a board of education pursuant to this subsection 1247 |
---|
1517 | | - | may be used to reduce the amount of any premium payment on behalf 1248 |
---|
1518 | | - | of any such member, spouse, surviving spouse, or disabled dependent, 1249 |
---|
1519 | | - | made by such board pursuant to any agreement in effect on July 1, 1250 |
---|
1520 | | - | 1990. On and after July 1, 2012, the board shall pay a subsidy of two 1251 |
---|
1521 | | - | hundred twenty dollars per month on behalf of the member, spouse or 1252 |
---|
1522 | | - | the surviving spouse of such member who: (A) Has attained the 1253 |
---|
1523 | | - | normal retirement age to participate in Medicare, (B) is not eligible for 1254 |
---|
1524 | | - | Medicare Part A without cost, and (C) contributes at least two hundred 1255 |
---|
1525 | | - | twenty dollars per month towards his or her medical and prescription 1256 |
---|
1526 | | - | drug plan provided by the board of education. 1257 |
---|
1527 | | - | (d) The Treasurer shall establish a separate retired teachers' health 1258 |
---|
1528 | | - | insurance premium account within the Teachers' Retirement Fund. 1259 |
---|
1529 | | - | Commencing July 1, 1989, and annually thereafter all health benefit 1260 |
---|
1530 | | - | plan contributions withheld under this chapter in excess of five 1261 |
---|
1531 | | - | hundred thousand dollars shall, upon deposit in the Teachers' 1262 |
---|
1532 | | - | Retirement Fund, be credited to such account. Interest derived from 1263 Substitute Bill No. 1119 |
---|
1533 | | - | |
---|
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1538 | | - | |
---|
1539 | | - | the investment of funds in the account shall be credited to the account. 1264 |
---|
1540 | | - | Funds in the account shall be used for (1) payments to boards of 1265 |
---|
1541 | | - | education pursuant to subsection (c) of this section and for payment of 1266 |
---|
1542 | | - | premiums on behalf of members, spouses of membe rs, surviving 1267 |
---|
1543 | | - | spouses of members or disabled dependents of members participating 1268 |
---|
1544 | | - | in one or more health insurance plans pursuant to subsection (a) of this 1269 |
---|
1545 | | - | section in an amount equal to the difference between the amount paid 1270 |
---|
1546 | | - | pursuant to subsection (a) of this section and the amount paid 1271 |
---|
1547 | | - | pursuant to subsection (c) of this section, and (2) payments for 1272 |
---|
1548 | | - | professional fees associated with the administration of the health 1273 |
---|
1549 | | - | benefit plans offered pursuant to this section. If, during any fiscal year, 1274 |
---|
1550 | | - | there are insufficient funds in the account for the purposes of all such 1275 |
---|
1551 | | - | payments, the General Assembly shall appropriate sufficient funds to 1276 |
---|
1552 | | - | the account for such purpose. 1277 |
---|
1553 | | - | (e) (1) Not later than the first business day of February, May, 1278 |
---|
1554 | | - | August and November, annually, each employer shall submit to the 1279 |
---|
1555 | | - | board, in a format established by the board, any information the board 1280 |
---|
1556 | | - | determines to be necessary with respect to the additions, deletions and 1281 |
---|
1557 | | - | premium changes for the health insurance subsidy program under 1282 |
---|
1558 | | - | subsection (c) of this section. Any report received by the board after 1283 |
---|
1559 | | - | the due date shall be processed in the following quarterly cycle. Failure 1284 |
---|
1560 | | - | to timely submit the quarterly report shall result in a delay of the 1285 |
---|
1561 | | - | subsidy for that quarter, which shall be paid as a retroactive subsidy as 1286 |
---|
1562 | | - | provided in subdivision (2) of this subsection. 1287 |
---|
1563 | | - | (2) Retroactive subsidy payments shall be limited to the subsidy 1288 |
---|
1564 | | - | amount for six months prior to the first day of the month in which the 1289 |
---|
1565 | | - | board receives an untimely report with the new eligible members or 1290 |
---|
1566 | | - | dependents included, except for members recently approved by the 1291 |
---|
1567 | | - | board for a disability allowance. The board shall pay the subsidy 1292 |
---|
1568 | | - | retroactively to the effective date of the disability, provided the eligible 1293 |
---|
1569 | | - | members or dependents are added to the report no later than the first 1294 |
---|
1570 | | - | quarter following the board's approval of the disability and the 1295 |
---|
1571 | | - | member's disability allowance is initiated within three months of 1296 Substitute Bill No. 1119 |
---|
1572 | | - | |
---|
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1577 | | - | |
---|
1578 | | - | board approval. The employer shall hold any member or dependent 1297 |
---|
1579 | | - | harmless for any costs associated with, arising from or out of the loss 1298 |
---|
1580 | | - | of the benefit of the subsidy as a result of such employer's untimely or 1299 |
---|
1581 | | - | inaccurate filing of the quarterly report. 1300 |
---|
1582 | | - | Sec. 15. Section 10-183v of the general statutes is repealed and the 1301 |
---|
1583 | | - | following is substituted in lieu thereof (Effective July 1, 2019): 1302 |
---|
1584 | | - | (a) (1) Except as provided in subdivisions (2) and (3) of this 1303 |
---|
1585 | | - | subsection and subsection (b) of this section, a teacher receiving 1304 |
---|
1586 | | - | retirement benefits from the system may not be employed by an 1305 |
---|
1587 | | - | employer in a [teaching] position receiving compensation paid out of 1306 |
---|
1588 | | - | public money appropriated for school purposes except that such 1307 |
---|
1589 | | - | teacher may be employed in such a position and receive no more than 1308 |
---|
1590 | | - | forty-five per cent of the maximum salary level for the assigned 1309 |
---|
1591 | | - | position. Any teacher who receives in excess of such amount shall 1310 |
---|
1592 | | - | reimburse the board for the amount of such excess. 1311 |
---|
1593 | | - | (2) Commencing July 1, 2016, to June 30, 2020, inclusive, the 1312 |
---|
1594 | | - | provisions of subdivision (1) of this subsection establishing a limitation 1313 |
---|
1595 | | - | on the compensation of a reemployed teacher and requiring the 1314 |
---|
1596 | | - | reimbursement of any amount received in excess of that limitation 1315 |
---|
1597 | | - | shall not apply to a teacher who (A) is receiving retirement benefits 1316 |
---|
1598 | | - | from the system based on thirty-four or more years of credited service, 1317 |
---|
1599 | | - | (B) is reemployed as a teacher in a district designated as an alliance 1318 |
---|
1600 | | - | district pursuant to section 10-262u, and (C) was serving as a teacher in 1319 |
---|
1601 | | - | that district on July 1, 2015. 1320 |
---|
1602 | | - | (3) On and after July 1, 2016, a teacher receiving retirement benefits 1321 |
---|
1603 | | - | from the system may be employed in a teaching position and receive 1322 |
---|
1604 | | - | (A) compensation paid out of public money appropriated for school 1323 |
---|
1605 | | - | purposes, (B) health insurance benefits, and (C) other employment 1324 |
---|
1606 | | - | benefits provided to active teachers employed by such school system, 1325 |
---|
1607 | | - | provided such teacher does not receive a retirement income during 1326 |
---|
1608 | | - | such employment. Payment of such teacher's retirement income shall 1327 |
---|
1609 | | - | resume on the first day of the month following the termination of such 1328 Substitute Bill No. 1119 |
---|
1610 | | - | |
---|
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1615 | | - | |
---|
1616 | | - | employment. The compensation under subparagraph (A) of this 1329 |
---|
1617 | | - | subdivision shall be provided in accordance with subsection (c) of this 1330 |
---|
1618 | | - | section. 1331 |
---|
1619 | | - | (4) Notice of employment under this subsection shall be sent to the 1332 |
---|
1620 | | - | board by the employer at the beginning and end of the school year, or 1333 |
---|
1621 | | - | assignment within the school year when reemployed for less than the 1334 |
---|
1622 | | - | full school year. 1335 |
---|
1623 | | - | (b) A teacher receiving retirement benefits from the system may be 1336 |
---|
1624 | | - | reemployed for up to one full school year by a local board of 1337 |
---|
1625 | | - | education, the State Board of Education or by any constituent unit of 1338 |
---|
1626 | | - | the state system of higher education in a position (1) designated by the 1339 |
---|
1627 | | - | Commissioner of Education as a subject shortage area, or (2) at a 1340 |
---|
1628 | | - | school located in a school district identified as a priority school district, 1341 |
---|
1629 | | - | pursuant to section 10-266p, for the school year in which the teacher is 1342 |
---|
1630 | | - | being employed. Notice of such reemployment shall be sent to the 1343 |
---|
1631 | | - | board by the employer and by the retired teacher at the time of hire 1344 |
---|
1632 | | - | and at the end of the assignment. Such reemployment may be 1345 |
---|
1633 | | - | extended for an additional school year, provided the local board of 1346 |
---|
1634 | | - | education (A) submits a written request for approval to the Teachers' 1347 |
---|
1635 | | - | Retirement Board, (B) certifies that no qualified candidates are 1348 |
---|
1636 | | - | available prior to the reemployment of such teacher, and (C) indicates 1349 |
---|
1637 | | - | the type of assignment to be performed, the anticipated date of rehire 1350 |
---|
1638 | | - | and the expected duration of the assignment. 1351 |
---|
1639 | | - | (c) The employment of a teacher under subsections (a) and (b) of 1352 |
---|
1640 | | - | this section shall not be considered as service qualifying for continuing 1353 |
---|
1641 | | - | contract status under section 10-151 and the salary of such teacher shall 1354 |
---|
1642 | | - | be fixed at an amount at least equal to that paid other teachers in the 1355 |
---|
1643 | | - | same school system with similar training and experience for the same 1356 |
---|
1644 | | - | type of service. 1357 |
---|
1645 | | - | (d) No person shall be entitled to survivor's benefits under 1358 |
---|
1646 | | - | subsection (f) of section 10-183f, as amended by this act, as a result of 1359 |
---|
1647 | | - | reemployment under this section. 1360 Substitute Bill No. 1119 |
---|
1648 | | - | |
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1649 | | - | |
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1653 | | - | |
---|
1654 | | - | (e) The same option plan of retirement benefits in effect prior to 1361 |
---|
1655 | | - | reemployment shall continue for a reemployed teacher during 1362 |
---|
1656 | | - | reemployment. In the event a reemployed teacher who is not receiving 1363 |
---|
1657 | | - | retirement benefits during reemployment dies during such 1364 |
---|
1658 | | - | reemployment, such teacher's account shall be settled under the plan 1365 |
---|
1659 | | - | in effect prior to such reemployment. 1366 |
---|
1660 | | - | (f) The provisions of this section in effect on June 30, 2003, revision 1367 |
---|
1661 | | - | of 1958, revised to January 1, 2003, shall be applicable to any person 1368 |
---|
1662 | | - | making contributions to the Teachers' Retirement System on June 30, 1369 |
---|
1663 | | - | 2003, in accordance with said provisions. 1370 |
---|
1664 | | - | Sec. 16. Section 10-183y of the general statutes is repealed and the 1371 |
---|
1665 | | - | following is substituted in lieu thereof (Effective July 1, 2019): 1372 |
---|
1666 | | - | Any member may appeal to the Teachers' Retirement Board for 1373 |
---|
1667 | | - | reconsideration of a decision of the board affecting such member. Such 1374 |
---|
1668 | | - | member shall submit with such appeal a written statement identifying 1375 |
---|
1669 | | - | the section of the general statutes that provides for the benefit to which 1376 |
---|
1670 | | - | such member claims he or she was entitled and denied by such 1377 |
---|
1671 | | - | decision of the board. Such appeal shall be made within ninety days of 1378 |
---|
1672 | | - | the date of issuance of written notice of such decision. The board shall 1379 |
---|
1673 | | - | meet to review such member's records and, if requested in writing, 1380 |
---|
1674 | | - | allow such member to appear at such meeting. The board shall render 1381 |
---|
1675 | | - | a written decision within sixty days of receipt of such request for 1382 |
---|
1676 | | - | reconsideration. 1383 |
---|
1677 | | - | Sec. 17. Section 10-183ff of the general statutes is repealed and the 1384 |
---|
1678 | | - | following is substituted in lieu thereof (Effective July 1, 2019): 1385 |
---|
1679 | | - | (a) Should any change or error in records result in any member or 1386 |
---|
1680 | | - | beneficiary receiving from the teachers' retirement system more or less 1387 |
---|
1681 | | - | than he would have been entitled to receive had the records been 1388 |
---|
1682 | | - | correct, then upon discovery of any such error the Teachers' 1389 |
---|
1683 | | - | Retirement Board shall notify the member or beneficiary affected and 1390 |
---|
1684 | | - | correct the same, and as far as practicable shall adjust the payments in 1391 Substitute Bill No. 1119 |
---|
1685 | | - | |
---|
1686 | | - | |
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1689 | | - | 45 of 51 |
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1690 | | - | |
---|
1691 | | - | such manner that the actuarial equivalent of the benefit to which such 1392 |
---|
1692 | | - | member or beneficiary was correctly entitled shall be paid, provided if 1393 |
---|
1693 | | - | such change or error results in any member or beneficiary receiving 1394 |
---|
1694 | | - | less than he would have been eligible to receive, such member or 1395 |
---|
1695 | | - | beneficiary may elect to have such benefit paid in a single payment. 1396 |
---|
1696 | | - | The board may, within the board's discretion, grant a request for a 1397 |
---|
1697 | | - | reimbursement of reasonable costs incurred by a member resulting 1398 |
---|
1698 | | - | from a suspension of benefits in error by the board, provided such 1399 |
---|
1699 | | - | member submits such request to the board not later than the last 1400 |
---|
1700 | | - | business day of the month following the month in which such error 1401 |
---|
1701 | | - | occurred. 1402 |
---|
1702 | | - | (b) If a member or beneficiary has been overpaid through no fault of 1403 |
---|
1703 | | - | his own, and he could not reasonably have been expected to detect the 1404 |
---|
1704 | | - | error, the board may waive any repayment which it believes would 1405 |
---|
1705 | | - | cause hardship. 1406 |
---|
1706 | | - | (c) Upon determination by the Teachers' Retirement Board that any 1407 |
---|
1707 | | - | person has erroneously been included in membership in the teachers' 1408 |
---|
1708 | | - | retirement system, contributions and interest credited under the 1409 |
---|
1709 | | - | provisions of this chapter shall be refunded and records of related 1410 |
---|
1710 | | - | service voided. 1411 |
---|
1711 | | - | (d) Upon determination that the Teachers' Retirement Board has 1412 |
---|
1712 | | - | invoiced a member for the purchase of additional credited service in 1413 |
---|
1713 | | - | an amount in excess of that permitted by law, and such member has 1414 |
---|
1714 | | - | paid the invoiced amount, the amount of the overpayment shall be 1415 |
---|
1715 | | - | refunded to such member with interest at a rate equal to the average of 1416 |
---|
1716 | | - | interest rates for the most recent ten-year period from the date of the 1417 |
---|
1717 | | - | member's retirement to the date such amount is refunded. 1418 |
---|
1718 | | - | [(e) Upon determination that a member has not purch ased 1419 |
---|
1719 | | - | additional credited service which was invoiced to him in an amount in 1420 |
---|
1720 | | - | excess of that permitted by law, such member shall be given the 1421 |
---|
1721 | | - | opportunity at any time to make such purchase by the payment of the 1422 |
---|
1722 | | - | proper amount with interest to the date of payment. The additional 1423 Substitute Bill No. 1119 |
---|
1723 | | - | |
---|
1724 | | - | |
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1727 | | - | 46 of 51 |
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1728 | | - | |
---|
1729 | | - | benefit resulting from the credited service so purchased shall be made 1424 |
---|
1730 | | - | retroactive to the date of the member's retirement, and the aggregate 1425 |
---|
1731 | | - | amount of such additional benefit shall be paid to the member in a 1426 |
---|
1732 | | - | single payment together with interest calculated at a rate equal to the 1427 |
---|
1733 | | - | average of interest rates for the most recent ten-year period from the 1428 |
---|
1734 | | - | date each payment was due to the date such payment is made.] 1429 |
---|
1735 | | - | [(f)] (e) Upon determination by the Teachers' Retirement Board that 1430 |
---|
1736 | | - | a member received, on or after November 1, 2008, an estimate of 1431 |
---|
1737 | | - | benefits statement from the board that contained a material error, the 1432 |
---|
1738 | | - | board shall pay the member the benefits set forth in such estimate if 1433 |
---|
1739 | | - | the board determines that (1) the member could not reasonably have 1434 |
---|
1740 | | - | been expected to detect such error, and (2) the member, in reliance 1435 |
---|
1741 | | - | upon such estimate, irrevocably submitted (A) his or her resignation to 1436 |
---|
1742 | | - | the employing board of education, and (B) a formal application of 1437 |
---|
1743 | | - | retirement to the Teachers' Retirement Board. For purposes of this 1438 |
---|
1744 | | - | subsection, "material error" means an error that amounts to a 1439 |
---|
1745 | | - | difference of ten per cent or greater between the estimated retirement 1440 |
---|
1746 | | - | benefits and the actual retirement benefits to which such member 1441 |
---|
1747 | | - | would otherwise be entitled. 1442 |
---|
1748 | | - | Sec. 18. Subsection (d) of section 10-66dd of the general statutes is 1443 |
---|
1749 | | - | repealed and the following is substituted in lieu thereof (Effective July 1444 |
---|
1750 | | - | 1, 2019): 1445 |
---|
1751 | | - | (d) (1) An otherwise qualified school professional hired by a charter 1446 |
---|
1752 | | - | school prior to July 1, 2010, and employed in a charter school may 1447 |
---|
1753 | | - | participate in the state teachers' retirement system under chapter 167a 1448 |
---|
1754 | | - | on the same basis as if such professional were employed by a local or 1449 |
---|
1755 | | - | regional board of education. The governing council of a charter school 1450 |
---|
1756 | | - | shall make the contributions, as defined in [subdivision (7) of] section 1451 |
---|
1757 | | - | 10-183b, as amended by this act, for such professional. 1452 |
---|
1758 | | - | (2) An otherwise qualified school professional hired by a charter 1453 |
---|
1759 | | - | school on or after July 1, 2010, and who has not previously been 1454 |
---|
1760 | | - | employed by a charter school in this state prior to July 1, 2010, shall 1455 Substitute Bill No. 1119 |
---|
1761 | | - | |
---|
1762 | | - | |
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1765 | | - | 47 of 51 |
---|
1766 | | - | |
---|
1767 | | - | participate in the state teachers' retirement system under chapter 167a 1456 |
---|
1768 | | - | on the same basis as if such professional were employed by a local or 1457 |
---|
1769 | | - | regional board of education. The governing council of a charter school 1458 |
---|
1770 | | - | shall make the contributions, as defined in [subdivision (7) of] section 1459 |
---|
1771 | | - | 10-183b, as amended by this act, for such professional. 1460 |
---|
1772 | | - | (3) Any administrator or person providing instruction or pupil 1461 |
---|
1773 | | - | services in a charter school who holds a charter school educator permit 1462 |
---|
1774 | | - | issued by the State Board of Education pursuant to section 10-145q 1463 |
---|
1775 | | - | shall participate in the state teachers' retirement system under chapter 1464 |
---|
1776 | | - | 167a pursuant to subdivision (2) of this section when such 1465 |
---|
1777 | | - | administrator or person providing instruction or pupil services obtains 1466 |
---|
1778 | | - | professional certification pursuant to section 10-145b. 1467 |
---|
1779 | | - | Sec. 19. Section 10-183gg of the general statutes is repealed and the 1468 |
---|
1780 | | - | following is substituted in lieu thereof (Effective July 1, 2019): 1469 |
---|
1781 | | - | Part-time service averaging at least one-half of a school day but less 1470 |
---|
1782 | | - | than a full school day shall be treated as full-time service for purposes 1471 |
---|
1783 | | - | of determining eligibility for benefits under this chapter. For purposes 1472 |
---|
1784 | | - | of determining benefits under subsections (a) to (d), inclusive, of 1473 |
---|
1785 | | - | section 10-183g, as amended by this act, the percentages utilized in 1474 |
---|
1786 | | - | said sections shall be proportionally reduced for each year or portion 1475 |
---|
1787 | | - | of a year of service rendered or purchased after July 1, 1977, which is 1476 |
---|
1788 | | - | part-time service. Notwithstanding the provisions [of subdivision (4)] 1477 |
---|
1789 | | - | of section 10-183b, as amended by this act, the average annual salary of 1478 |
---|
1790 | | - | a member with part-time service shall be such member's full-time 1479 |
---|
1791 | | - | annualized salary during his three highest years. Any benefit awarded 1480 |
---|
1792 | | - | pursuant to this section shall be proportional in all respects to the 1481 |
---|
1793 | | - | benefit which would have been payable had such service been 1482 |
---|
1794 | | - | rendered on a full-time basis. 1483 |
---|
1795 | | - | Sec. 20. Subsection (a) of section 10-183jj of the general statutes is 1484 |
---|
1796 | | - | repealed and the following is substituted in lieu thereof (Effective July 1485 |
---|
1797 | | - | 1, 2019): 1486 Substitute Bill No. 1119 |
---|
1798 | | - | |
---|
1799 | | - | |
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1802 | | - | 48 of 51 |
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1803 | | - | |
---|
1804 | | - | (a) A local or regional board of education may establish a retirement 1487 |
---|
1805 | | - | incentive plan for teachers, as defined in subparagraph (A) of 1488 |
---|
1806 | | - | subdivision [(26)] (30) of section 10-183b, as amended by this act, in its 1489 |
---|
1807 | | - | employ who are members of the teachers' retirement system. The plan 1490 |
---|
1808 | | - | shall provide for purchase of additional credited service by a board of 1491 |
---|
1809 | | - | education and a member of the system who chooses to participate in 1492 |
---|
1810 | | - | the plan, of additional credited service for such member and for 1493 |
---|
1811 | | - | payment by the board of education of not less than fifty per cent of the 1494 |
---|
1812 | | - | entire cost of such additional credited service and payment by the 1495 |
---|
1813 | | - | member of the remaining percentage of such total cost. The member 1496 |
---|
1814 | | - | shall pay the remaining percentage of such total cost, if any, in one 1497 |
---|
1815 | | - | lump sum not later than thirty days after receipt of notification by the 1498 |
---|
1816 | | - | Teachers' Retirement Board of the amount owed. Any such plan shall 1499 |
---|
1817 | | - | specify a maximum number of years, not exceeding five years, of 1500 |
---|
1818 | | - | additional credited service which may be purchased under the plan. 1501 |
---|
1819 | | - | Any such plan shall have a two-month application period. 1502 |
---|
1820 | | - | Sec. 21. Section 10-183kk of the general statutes is repealed and the 1503 |
---|
1821 | | - | following is substituted in lieu thereof (Effective July 1, 2019): 1504 |
---|
1822 | | - | Notwithstanding any other provisions of this chapter, mandatory 1505 |
---|
1823 | | - | retirement contributions described in subdivision [(7)] (8) of section 10-1506 |
---|
1824 | | - | 183b, as amended by this act, payable on all salary earned on or after 1507 |
---|
1825 | | - | July 1, 1991, shall be picked up by the employer of any teacher who is a 1508 |
---|
1826 | | - | member of the state teachers' retirement system. Such picked-up 1509 |
---|
1827 | | - | contributions shall be in lieu of employee contributions. The employer 1510 |
---|
1828 | | - | shall pick up these mandatory contributions by an equivalent 1511 |
---|
1829 | | - | reduction in the cash salary of the employee. Employees shall not have 1512 |
---|
1830 | | - | the option of choosing to receive the contributed amounts directly 1513 |
---|
1831 | | - | instead of having them paid by the employer to the retirement system. 1514 |
---|
1832 | | - | Employee contributions so picked up shall be treated for all purposes 1515 |
---|
1833 | | - | in the same manner and to the same extent as employee contributions 1516 |
---|
1834 | | - | prior to July 1, 1991. The mandatory contributions so picked up by the 1517 |
---|
1835 | | - | teacher's employer shall for all purposes of this chapter be considered 1518 |
---|
1836 | | - | to be included in the teacher's annual salary. 1519 Substitute Bill No. 1119 |
---|
1837 | | - | |
---|
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1841 | | - | 49 of 51 |
---|
1842 | | - | |
---|
1843 | | - | Sec. 22. Section 10-183pp of the general statutes is repealed and the 1520 |
---|
1844 | | - | following is substituted in lieu thereof (Effective July 1, 2019): 1521 |
---|
1845 | | - | Any member who began receiving disability benefits October 1, 1522 |
---|
1846 | | - | 1977, under the provisions of subsection (d) of section 10-166 and who 1523 |
---|
1847 | | - | elected to receive benefits in accordance with the former provisions of 1524 |
---|
1848 | | - | subsection (c) of section 10-164-7 of the Regulations of Connecticut 1525 |
---|
1849 | | - | State Agencies in effect June 30, 1978, may elect to receive such benefits 1526 |
---|
1850 | | - | readjusted under the provisions of subsection [(b) or] (c) or (d) of 1527 |
---|
1851 | | - | section 10-183j, as amended by this act, provided such member 1528 |
---|
1852 | | - | provides written notice of such election to the Teachers' Retirement 1529 |
---|
1853 | | - | Board not later than ninety days following January 1, 2001. 1530 |
---|
1854 | | - | Sec. 23. Section 10-183rr of the general statutes is repealed and the 1531 |
---|
1855 | | - | following is substituted in lieu thereof (Effective July 1, 2019): 1532 |
---|
1856 | | - | Notwithstanding the provisions of subdivision [(26)] (30) of section 1533 |
---|
1857 | | - | 10-183b, as amended by this act, concerning the requirement that a 1534 |
---|
1858 | | - | teacher hold a certificate for the position in which the person is 1535 |
---|
1859 | | - | employed, any teacher who possesses a certificate or permit issued by 1536 |
---|
1860 | | - | the State Board of Education and is notified on or after December 1, 1537 |
---|
1861 | | - | 2003, by the Department of Education that such teacher is not properly 1538 |
---|
1862 | | - | certified for the position in which the teacher is employed or has been 1539 |
---|
1863 | | - | employed, such teacher shall receive no further credit in the teachers' 1540 |
---|
1864 | | - | retirement system for employment in such position until the teacher 1541 |
---|
1865 | | - | becomes properly certified for such position. The Teachers' Retirement 1542 |
---|
1866 | | - | Board shall not rescind any credited service to such teacher for such 1543 |
---|
1867 | | - | employment and shall restore any such credit to such teacher if 1544 |
---|
1868 | | - | rescinded prior to May 27, 2008. 1545 |
---|
1869 | | - | Sec. 24. Section 10a-55i of the general statutes is repealed and the 1546 |
---|
1870 | | - | following is substituted in lieu thereof (Effective July 1, 2019): 1547 |
---|
1871 | | - | (a) There is established a Higher Education Consolidation 1548 |
---|
1872 | | - | Committee which shall be convened by the chairpersons of the joint 1549 |
---|
1873 | | - | standing committee of the General Assembly having cognizance of 1550 Substitute Bill No. 1119 |
---|
1874 | | - | |
---|
1875 | | - | |
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1878 | | - | 50 of 51 |
---|
1879 | | - | |
---|
1880 | | - | matters relating to higher education or such chairpersons' designee, 1551 |
---|
1881 | | - | who shall be a member of such joint standing committee. The 1552 |
---|
1882 | | - | membership of the Higher Education Consolidation Committee shall 1553 |
---|
1883 | | - | consist of the higher education subcommittee on appropriations and 1554 |
---|
1884 | | - | the chairpersons, vice chairpersons and ranking members of the joint 1555 |
---|
1885 | | - | standing committees of the General Assembly having cognizance of 1556 |
---|
1886 | | - | matters relating to higher education and appropriations. The Higher 1557 |
---|
1887 | | - | Education Consolidation Committee shall establish a meeting and 1558 |
---|
1888 | | - | public hearing schedule for purposes of receiving updates from (1) the 1559 |
---|
1889 | | - | Board of Regents for Higher Education on the progress of the 1560 |
---|
1890 | | - | consolidation of the state system of higher education pursuant to this 1561 |
---|
1891 | | - | section, section 4-9c, subsection (g) of section 5-160, section 5-199d, 1562 |
---|
1892 | | - | subsection (a) of section 7-323k, subsection (a) of section 7-608, 1563 |
---|
1893 | | - | subsection (a) of section 10-9, section 10-155d, subdivision [(14)] (17) of 1564 |
---|
1894 | | - | section 10-183b, as amended by this act, sections 10a-1a to 10a-1d, 1565 |
---|
1895 | | - | inclusive, 10a-3 and 10a-3a, subsection (a) of section 10a-6a, sections 1566 |
---|
1896 | | - | 10a-6b, 10a-8, 10a-10a to 10a-11a, inclusive, 10a-17d and 10a-22a, 1567 |
---|
1897 | | - | subsections (f) and (h) of section 10a-22b, subsections (c) and (d) of 1568 |
---|
1898 | | - | section 10a-22d, sections 10a-22h and 10a-22k, subsection (a) of section 1569 |
---|
1899 | | - | 10a-22n, sections 10a-22r, 10a-22s, 10a-22u, 10a-22v, 10a-22x and 10a-34 1570 |
---|
1900 | | - | to 10a-35a, inclusive, subsection (a) of section 10a-48a, sections 10a-71 1571 |
---|
1901 | | - | and 10a-72, subsections (c) and (f) of section 10a-77, section 10a-88, 1572 |
---|
1902 | | - | subsection (a) of section 10a-89, subsection (c) of section 10a-99 and 1573 |
---|
1903 | | - | sections 10a-102, 10a-104, 10a-105, 10a-109e, 10a-143 and 10a-168a, and 1574 |
---|
1904 | | - | (2) the Board of Regents for Higher Education and The University of 1575 |
---|
1905 | | - | Connecticut on the program approval process for the constituent units. 1576 |
---|
1906 | | - | The Higher Education Consolidation Committee shall convene its first 1577 |
---|
1907 | | - | meeting on or before September 15, 2011, and meet not less than once 1578 |
---|
1908 | | - | every two months. 1579 |
---|
1909 | | - | (b) The Office of Higher Education shall enter into a memorandum 1580 |
---|
1910 | | - | of understanding with the Office of Legislative Management providing 1581 |
---|
1911 | | - | that up to one hundred thousand dollars appropriated to said Office of 1582 |
---|
1912 | | - | Higher Education shall be used by the Higher Education 1583 |
---|
1913 | | - | Consolidation Committee to hire a consultant to assist said committee 1584 Substitute Bill No. 1119 |
---|
1914 | | - | |
---|
1915 | | - | |
---|
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1918 | | - | 51 of 51 |
---|
1919 | | - | |
---|
1920 | | - | in fulfilling its duties. 1585 |
---|
| 25 | + | Section 1. (Effective from passage) The Comptroller shall conduct a 1 |
---|
| 26 | + | review of expenditures for the state employees retirement system and 2 |
---|
| 27 | + | the teachers' retirement system during the biennium ending June 30, 3 |
---|
| 28 | + | 2019. Not later than February 1, 2020, the Comptroller shall submit the 4 |
---|
| 29 | + | results of such review, in accordance with section 11-4a of the general 5 |
---|
| 30 | + | statutes, to the joint standing committee of the General Assembly 6 |
---|
| 31 | + | having cognizance of matters relating to appropriations and the 7 |
---|
| 32 | + | budgets of state agencies. 8 |
---|