Bill > HB05492

This bill proposes to amend chapter 66 of the state's general statutes by placing a cap of $100,000 on annual pension payments for state employees. The purpose of this legislation is to improve the financial stability and long-term sustainability of the state employees retirement system by limiting the maximum amount of pension any individual state employee can receive each year. By constraining high-end pension payouts, the bill aims to reduce overall pension system expenditures and ensure the retirement system remains financially solvent. The $100,000 annual limit would apply to all state employee pensions, potentially affecting high-ranking or long-serving government workers who might have previously been eligible for larger retirement payments. This approach represents a direct financial control measure designed to manage the state's long-term pension obligations and prevent potential future funding shortfalls in the retirement system.

Budget and Finance

https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=HB05492&which_year=2025