Bill > SB00025

This bill proposes to modify existing state law by preventing overtime payments from being included when calculating a state employee's retirement income or pension. Specifically, the legislation would amend Chapter 66 of the general statutes to exclude overtime pay from the base salary calculation used to determine an employee's pension amount. This means that when state employees retire, their pension will be based solely on their regular wages, without taking into account any additional compensation earned through overtime work. The purpose of this bill is to potentially reduce the overall pension costs for the state by preventing inflated pension calculations that might result from including overtime earnings, which can sometimes be substantial. By limiting the pension calculation to base salary, the state aims to create a more standardized and potentially more financially sustainable approach to employee retirement benefits.

Budget and Finance

https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=SB00025&which_year=2025