OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

http://www.cga.ct.gov/ofa

sHB-5591

AN ACT CREATING THE CONNECTICUT RETIREMENT SECURITY PROGRAM.

AMENDMENT

LCO No.: 5689

File Copy No.: 747

House Calendar No.: 227

Senate Calendar No.: 522

OFA Fiscal Note

State Impact: See Below

Municipal Impact: None

Explanation

The amendment requires that after June 30, 2022, when the current pension agreement expires, the state and the State Employees' Bargaining Agency Coalition (SEBAC) collective bargaining negotiations no longer include matters related to state employee retirement benefits or the state employee retirement system. Pension benefits will thereafter be established statutorily.

The amendment retains matters relating to state employee health as an issue of collective bargaining. The state and the State SEBAC established retirement benefits as a matter of collective bargaining in the original SEBAC agreement (referred to as SEBAC I and the Pension Agreement of 1989). Pursuant to CGS 5-278 (e) when statute and a collective bargaining agreement are in conflict, the provisions of the contract supersede statute. Therefore this amendment has no impact on retirement benefits as a matter of collective bargaining unless a contractual change is agreed to between the state and SEBAC.

The preceding Fiscal Impact statement is prepared for the benefit of the members of the General Assembly, solely for the purposes of information, summarization and explanation and does not represent the intent of the General Assembly or either chamber thereof for any purpose. In general, fiscal impacts are based upon a variety of informational sources, including the analyst's professional knowledge. Whenever applicable, agency data is consulted as part of the analysis, however final products do not necessarily reflect an assessment from any specific department.